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Verve 2013 annual report


“My time as Chairman has confirmed the view that I previously held that Verve Energy, as Western Australia’s largest electricity generator, plays a critical role in the reliable, secure and efficient supply of electricity to the State. The performance of Verve Energy’s generating portfolio was very pleasing…

On the back of a sophisticated asset management program and steady maintenance investment over recent years, Verve Energy’s forced outage rate has reduced to 1.40% and total availability improved to 88.7%, an excellent result when the age of Verve Energy’s portfolio is taken into account...

I am also pleased to see that two renewable energy projects undertaken by Verve Energy in joint venture arrangements successfully entered commercial operation during the year. The 10MW Greenough River Solar Farm (GRSF) project, undertaken with GE Financial Services, is Australia’s first and largest utility scale solar farm and is a project that I am very proud to be associated with…

 I look forward to the opportunities presented by the merger of Verve Energy and Synergy in 2014 and into the future.”

Michael Smith
Read the Verve 2012-13 Annual Report (PDF 2.13MB)