RATCH-Australia

RATCH-Australia Corporation, commonly known as RATCH-Australia or RAC, is an Australian electricity-generation business within the RATCH Group. The company owns and operates interests in both renewable-energy and fossil-fuel power stations in Australia, giving it a generation portfolio that spans more than one technology category. Its activities are therefore focused on electricity production and the ownership or management of generation assets rather than electricity retailing, network distribution, or consumer energy services. The business emerged from a restructuring of infrastructure assets previously associated with Transfield Services. In 2007, Transfield Services separated infrastructure assets into the Transfield Services Infrastructure Fund. Later that year, in November, the fund acquired five additional power-generation assets from Stanwell Corporation and Tarong Energy. These transactions created the asset base that subsequently became relevant to RATCH-Australia's Australian platform. RATCH-Australia was established in July 2011 after RATCH Group acquired an 80 percent interest in the Transfield Services Infrastructure Fund through a scheme of arrangement. RATCH Group was formerly known as Ratchaburi Electricity Generating Holding Company and is a public company listed on the Stock Exchange of Thailand. The Australian company consequently became part of a wider Thailand-based power-generation group while retaining an Australian operating focus. The company's positioning is that of an asset-owning power generator with exposure to a mixed Australian generation portfolio. Renewable assets provide participation in the transition toward lower-emissions electricity, while fossil-fuel assets reflect the established thermal-generation component of the Australian electricity market. The available reference material identifies the portfolio at a high level but does not provide a complete current asset list, detailed capacity figures, revenue data, executive roster, or a full account of operating performance. Those details are therefore not stated here.

RATCH-Australia's corporate history is linked to the development and later restructuring of an Australian infrastructure-asset portfolio. In 2007, Transfield Services spun off infrastructure assets into a dedicated investment vehicle called the Transfield Services Infrastructure Fund. The fund expanded its power-generation holdings in November 2007, when it acquired five additional generation assets from Stanwell Corporation and Tarong Energy. These acquisitions helped establish the Australian electricity-generation platform that later came under RATCH control. A major ownership change occurred in July 2011. RATCH Group, then associated with the name Ratchaburi Electricity Generating Holding Company, acquired an 80 percent stake in the Transfield Services Infrastructure Fund through a scheme of arrangement. Following that transaction, RATCH-Australia Corporation was established as the Australian operating company for the group's generation interests. The parent organization is a public company listed on the Stock Exchange of Thailand, while RATCH-Australia operates in the Australian electricity market. Under the RATCH-Australia identity, the company has owned power stations using both renewable and fossil-fuel technologies. This mixed portfolio gives the business exposure to conventional thermal generation as well as renewable electricity production. The available Wikipedia reference describes the company as an Australian electricity generator and identifies it as a subsidiary of RATCH Group, but the supplied material does not enumerate the stations, specify their capacities, or provide a detailed chronology of later acquisitions, disposals, developments, or operational changes. Accordingly, the documented history is strongest for the formation of the underlying infrastructure fund, its 2007 expansion through power-asset acquisitions, and the 2011 acquisition and establishment of RATCH-Australia. No additional executive history, named campaigns, scandals, major strategic decisions, or dated product-generation announcements are included because the available sources do not substantiate them.

• 2011

  RATCH-Australia established

  [1]RATCH-Australiaen.wikipedia.org

  In July, RATCH Group acquired an 80 percent interest in the Transfield Services Infrastructure Fund through a scheme of arrangement, after which RATCH-Australia Corporation was established as the Australian generation business.

• 2007

  Infrastructure assets placed in a dedicated fund

  [1]RATCH-Australiaen.wikipedia.org

  Transfield Services spun off infrastructure assets into the Transfield Services Infrastructure Fund, creating the corporate vehicle that later became central to RATCH-Australia's Australian generation platform.

• 2007

  Five generation assets acquired

  [1]RATCH-Australiaen.wikipedia.org

  In November, the Transfield Services Infrastructure Fund acquired five further power-generation assets from Stanwell Corporation and Tarong Energy.

An Australian power-generation company with a diversified portfolio of renewable and fossil-fuel generation assets, backed by Thailand-listed RATCH Group.

• Power generation

  Renewable electricity generation

  RATCH-Australia owns renewable-energy power-generation assets in Australia. The available reference identifies renewable generation as part of the company's portfolio but does not provide a complete list of technologies, facilities, capacities, or individual project descriptions.

• Power generation

  Fossil-fuel electricity generation

  The company also owns fossil-fuel power stations in Australia, forming the conventional-generation component of its portfolio. The supplied source does not specify the fuels, plants, capacities, or current operating status of individual stations.

• 2011

  Acquisition of an 80 percent interest in the infrastructure fundM&A

  Background

  RATCH Group sought an Australian platform for power-generation assets after the Transfield Services Infrastructure Fund had assembled additional generation holdings in 2007.

  Action taken

  RATCH Group acquired an 80 percent stake in the Transfield Services Infrastructure Fund through a scheme of arrangement, leading to the establishment of RATCH-Australia Corporation.

  Aftermath

  RATCH-Australia became the Australian subsidiary responsible for generation assets that included both renewable and fossil-fuel power stations.

  Source

1. 1RATCH-Australiaen.wikipedia.org
2. 2RATCH-Australia corporate websiteratchaustralia.com