New South Wales, Shangri-La Hotel, Sydney
Tuesday, 26 August, 12-2pm
Speakers include Richard McIndoe, Managing Director, TRUenergy, and Richard Cottee, Managing Director, Queensland Gas Company
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CEDA continues to advance critical discussion around energy policy through our 2008 Energy Series. Aimed at stimulating debate and facilitating knowledge exchange, the series advances discussions around the development of prudent public policy to ensure a secure energy future in NSW and nationally.
The prospect of a carbon-constrained future and the planned 2010 launch of an emissions trading regime by the Federal Government, makes gas competitive with coal for the first time. Contributing to the debate around the role of natural gas as a future fuel source for NSW, CEDA invites two major energy investors to discuss industry developments and opportunities and to present an outlook for a gas-fired power generation.
Coal-seam gas producer Queensland Gas could potentially step into the NSW power generation sector, with the prospect of building a 600 MW power station in the Hunter Valley. This initiative together with the development of a new gas pipeline stretching from QGC's Queensland acreage to Newcastle would create an interstate gas market, linking the supply in Queensland with increasing demand in NSW.
TRUenergy has committed to long-term carbon reduction targets and is transitioning from a traditional utility into a leading, low-emissions energy services provider. It is currently constructing a new, state-of-the-art, gas-fired power station near Wollongong, in NSW. When built, the TRUenergy Tallawarra power station will produce 70 percent less greenhouse gas emissions than traditional coal-fired power stations, making it Australia's most efficient gas-fired power station.
Meet the speakers
Richard Cottee, Managing Director, Queensland Gas Company
Richard Cottee joined Queensland Gas Company (QGC) in 2003 as Managing Director and was charged with the responsibility of transforming the fledgling gas explorer into a viable gas production business. Richard previously served as Managing Director of NRG Energy Ltd (United Kingdom and Eire), Chief Executive of CS Energy Limited, Executive Director of Cyprus Australian Coal and Commercial Manager of Santos Limited. He is the current President of the Coal Seam Gas Association of Australia and a Director of Monto Minerals.
Richard McIndoe, Managing Director, TRUenergy
Richard Mclndoe has been Managing Director of TRUenergy since early 2006. He is also a member of CLP Holdings' Finance and General Committee. Until mid 2006, Mr McIndoe was responsible for the development and management of the CLP Group's international electricity business in the Asia Pacific region. Under his management, CLP has become the largest international investor in the Australian, Chinese, Indian and Thai energy sectors, and is currently the largest international IPP company in the Asia Pacific region. Mr McIndoe was also responsible for the establishment of OneEnergy, CLP's 50:50 joint venture with Mitsubishi Corporation of Japan, which focuses on the development of power projects in South East Asia.
Supported by CEDA member ANZ
