Powering ahead with adept staff

Written on the 15 September 2009

AFTER a stellar year when ERM Power created more than 1000 jobs building four gas-fired power stations, managing director Philip St Baker, forecasts 55 per cent revenue growth in 2010.

St Baker says the company’s success is a direct result of highly-skilled, talented employees and claims ERM is never short of new initiatives or projects.

“For example, we expect to create two new generation businesses in the next 12 to 18 months, investing over $2 billion and we plan to grow our trading business many times over in the next few years as well,” he says.

“We keep our organisational structure very flat so there is little hierarchy and we can move fast and integrate solutions across the business to seize opportunities as they arise.

“Our biggest customers are the biggest retailers and consumers of electricity or electricity-related products. These include Origin Energy, Synergy, Queensland Rail, Brisbane Airport Corporation, GMH, major mines and smelters.”

With sites and offices in Queensland, Western Australia, Tasmania and New South Wales, ERM is now Australia’s largest privately-owned energy company, having grown staff numbers almost 10-fold in the last few years.

“In terms of (staff) numbers we are still quite small at 130, up from 15 three years ago. If you include the numbers of people working on our projects at any one time you are up over 1000,” he says.

In 2007 revenue was $36 million – in 2009 it was $225 million, with $350 million expected in 2010.

ERM also runs an electricity trading business ERM Retail, which holds contracts valued at $2 billion collectively.

St Baker highlights ERM’s contribution to carbon pollution reduction, with power stations that use 90 per cent less water and produce 40 to 60 per cent less carbon emissions than Australia’s average existing station.

“For the power stations we have already developed, over their working lives, they will save approximately 100 million tonnes of carbon pollution and 9 billion litres of water when compared with the average of Australia’s electricity generators.”

ERM’s latest completed project was the Braemar 2 Power Station on August 25, in partnership with Arrow Energy.



Latest News

AUSTRALIA READY TO DISRUPT GLOBAL CARBON FIBRE MANUFACTURING

AUSTRALIA for the first time has the capacity to produce carbon fibre from scratch and at scale, following the launch...

HONG KONG FUND INVESTS $212.8 MILLION IN G8 EDUCATION

G8 EDUCATION (ASX: GEM) has secured $212.8 million from Hong Kong-based CFCG Investment Partners to pay down debt and...

MERGER DELIVERS THE FINANCIAL GOODS FOR TERRY WHITE

TERRY White Group has posted a solid half-year net profit of $1.3 million amid a period of major transformation fo...

BLUE SKY APPOINTS TWO NEW INDEPENDENT DIRECTORS

BLUE Sky Alternative Investments (ASX: BLA) has appointed two new independent, non-executive directors to its board: ...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter