Green Pacific Energy (GPE)

Shares / Stock Code

GPE

Stock Exchange / Sharemarket

Australian Securities Exchange

Green Pacific Energy (GPE) is seeking to become a major player in the Australian renewable energy market. The company intends to develop and operate green accredited waste-to-energy (WTE) power plants utilising combustion based technology and municipal green waste as fuel.

The company was originally listed on the Australian stock market (ASX) as EnviroStar Energy in 1999, having raised $3M through the issue of 6M shares at $0.50. This company was placed in voluntary administration in October 2002, when the 5MW plant at Stapylton was 65% complete. Great Pacific Financial Group subsequently took control of the company, re-named it Green Pacific Energy, and restructured finances, board and management. The shares were re-admitted to the ASX in March 2004.

GPE's technology to convert green waste material into energy provides the company with an opportunity to capture this segment of the renewable energy market in Australia. The application of the technology to overseas markets will depend on local market conditions, including government incentives.

GPE's key customer to date is Energy Australia, although most of the major electricity retailers are likely to consider buying power from the company. Renewable energy companies do not really compete against the large power companies, who are based primarily on coal fired power stations. However, companies sourcing energy from hydro, landfill, wind, solar, geothermal and other renewable, and clean sources are competing with GPE.

Green Pacific Energy (GPE) Products and Services

  • Investing in renewable green electricity generating facilities

Green Pacific Energy (GPE) Locations and Subsidiaries

Green Pacific Energy Head Office
GPO Box 3364, SYDNEY,
NSW, AUSTRALIA, 2001
Phone: (02) 9202 3000
Fax: (02) 9202 3098

Green Pacific Energy (GPE) Share Price

Submitted by ASX Listed Company on 30 May, 2010 - 17:40

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