Pacific Energy is owned by QIC on behalf of its managed funds and clients, including the QIC Global Infrastructure Fund.
QIC is a global diversified alternatives investment firm headquartered in Brisbane, Australia offering infrastructure, real estate, private equity, liquid strategies and muti-asset investment services to institutional clients.
Remote Mining Power - Australia
The Company's core business division supplies competitively priced and highly reliable off-grid electricity.
We have two operating subsidiaries in this field - Kalgoorlie Power Systems and Contract Power whose success has been achieved through consistently delivering on-time and on-budget power generation infrastructure at the lowest cost and risk for its clients.
In May 2020 Pacific Energy acquired Hybrid Systems Australia to create a dedicated integrated renewables business, servicing both Pacific Energy's internal business units as well as external party customers. The business' core competency is the integration of renewables energy sources, such as solar, wind and hydrogen with battery energy storage systems, gas and diesel power stations.
Hybrid Systems provides a design, consultation and installation service for batteries, stand alone power systems, microgrids and fully integrated solutions which reduce emissions and enhance energy reliability. The business can own or co-invest in the systems provided and services customers such as miners, remote townships, utilities, government agencies and private industry.
The Company's hydro business comprises two hydro-electricity power stations located in South East Victoria. The hydro power stations are located at the Cardinia Reservoir and Blue Rock Dam.
Electricity generated by Pacific Energy’s Cardinia hydro power station is purchased by Energy Australia under long term contract. The power purchase agreement with Energy Australia for the Blue Rock operations is currently able to be terminated by either party with six months' notice.
The Blue Rock hydro power station is also a registered Small Aggregated Generator under the NEM rules and will be able to sell renewable electricity at NEM spot prices if the contract with Energy Australia is terminated.
Our NovaPower subsidiary owns and operates a 10MW gas-fired peaking power generation plant in Traralgon, Victoria.
NovaPower is a high-efficiency/low emissions gas-fired power station which generates in quick response to electricity demand in peak periods.