Question on Notice regarding the sale of assets by various energy and resources entities in WA. The Minister provides details on the sale of the Belmont Depot by Western Power, including costs and revenue.

AnsweredQoN 1861Legislative Assembly
Asked
20 March 2007
Portfolio
Energy; Resources; Industry and Enterprise

QuestionView source ↗

(a) name and nature of the asset; (b) date sold; (c) nature of sale and name of buyer; (d) proceeds received from the asset; (e) associated revenue from the sale, such as stamp duty; (f) the application of the funds received; and (g) any associated costs incurred in the sale process?
(b) date sold; (c) nature of sale and name of buyer; (d) proceeds received from the asset; (e) associated revenue from the sale, such as stamp duty; (f) the application of the funds received; and (g) any associated costs incurred in the sale process?
(c) nature of sale and name of buyer; (d) proceeds received from the asset; (e) associated revenue from the sale, such as stamp duty; (f) the application of the funds received; and (g) any associated costs incurred in the sale process?
(d) proceeds received from the asset; (e) associated revenue from the sale, such as stamp duty; (f) the application of the funds received; and (g) any associated costs incurred in the sale process?
(e) associated revenue from the sale, such as stamp duty; (f) the application of the funds received; and (g) any associated costs incurred in the sale process?
(f) the application of the funds received; and (g) any associated costs incurred in the sale process?
(g) any associated costs incurred in the sale process?
The Minister for Energy; Resources; Industry and Enterprise has provided the following response: Department of Industry and Resources: (See tabled paper no. ) Minerals and Energy Research Institute of Western Australia: (a) Nil. (b-g) Not applicable. Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Department of Industry and Resources: (See tabled paper no. ) Minerals and Energy Research Institute of Western Australia: (a) Nil. (b-g) Not applicable. Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Department of Industry and Resources: (See tabled paper no. ) Minerals and Energy Research Institute of Western Australia: (a) Nil. (b-g) Not applicable. Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(See tabled paper no. ) Minerals and Energy Research Institute of Western Australia: (a) Nil. (b-g) Not applicable. Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Minerals and Energy Research Institute of Western Australia: (a) Nil. (b-g) Not applicable. Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Nil. (b-g) Not applicable. Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(b-g) Not applicable. Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Office of Energy: (a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Nil. (b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(b-g) Not applicable. Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Western Power Corporation: (a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Belmont Depot - vacant land (building demolished prior to sale). (b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(b) 30 June 2003. (c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(c) By Public Tender - Towlshire Ltd was the successful bidder. (d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(d) $7,505,000.00. (e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser. (f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(f) Receipted to Western Power's asset realisation account. (g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot). Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Western Power (Networks): (a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Nil. (b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(b-g) Not applicable. Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Synergy: (a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Nil. (b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(b-g) Not applicable. Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Verve Energy: (a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Nil. (b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(b-g) Not applicable. Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Horizon Power: (a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Nil. (b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
(b-g) Not applicable. Independent Market Operator: (a) Nil. (b-g) Not applicable.
Independent Market Operator: (a) Nil. (b-g) Not applicable.
Independent Market Operator: (a) Nil. (b-g) Not applicable.
(a) Nil. (b-g) Not applicable.
(b-g) Not applicable.

AnswerView source ↗

Answered
8 May 2007
Responded by
Minister for Energy; Resources; Industry and Enterprise
Response time
49 days
Answer
The Minister for Energy; Resources; Industry and Enterprise has provided the following response:
Department of Industry and Resources:
(See tabled paper no. )
Minerals and Energy Research Institute of Western Australia:
(a) Nil.
(b-g) Not applicable.
Office of Energy:
(a) Nil.
(b-g) Not applicable.
Western Power Corporation:
(a) Belmont Depot - vacant land (building demolished prior to sale).
(b) 30 June 2003.
(c) By Public Tender - Towlshire Ltd was the successful bidder.
(d) $7,505,000.00.
(e) Stamp duty of $398,970.00 was requested to be paid to Office of State Revenue by Purchaser.
(f) Receipted to Western Power's asset realisation account.
(g) $2,924,223.00 - cost of getting land ready for sale (ie demolition and environmental clean-up of Depot).
Western Power (Networks):
(a) Nil.
(b-g) Not applicable.
Synergy:
(a) Nil.
(b-g) Not applicable.
Verve Energy:
(a) Nil.
(b-g) Not applicable.
Horizon Power:
(a) Nil.
(b-g) Not applicable.
Independent Market Operator:
(a) Nil.
(b-g) Not applicable.

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