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

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

QUEENSLAND WEATHER UPDATE: MAJOR AIRPORTS STILL IN BUSINESS DESPITE CANCELLATIONS AND DELAYS

DESPITE the storms and flash floods which are continuing to wreak havoc across several Queensland cities and towns...

STARS ALIGN AS GOLD COAST ICON REBRANDS

TODAY marks a shift in the Gold Coast's constellation as the iconic Jupiters Hotel and Casino officially rebra...

OROTON GOES CLICKS AND BRICKS AS PROFITS SLIDE

TWO former Aussie lawyers have turned their passion for fashion into a $15 million dollar international business six ...

Related News

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter