Gerald Frank Grove-White

Australian Address - 8 Avon Green, West Pennant Hills Sydney NSW 2125
Tel: Mobile – +61407 233 953 Res – +61 2 9634 2483
Email: gfgrovewhite@gmail.com September 2016

Overview
Retired accomplished Managing Director with a strong General Management, Operations and
Engineering background in Australian and multinational corporations (listed and un-listed).
Proven experience and in depth knowledge in:-
 Establishing new business organisations from a zero base, often in complex and challenging
business environments, including capital raising.
 Strategy development and implementation.
 Risk Management in complex business environments.
 High performance Team building and Industrial relations.
 Driving change to achieve high levels of business performance, particularly in a turn-round
situation.
 Asset Management.
 Major contract negotiation and execution
 Achieving and embedding high safety and environmental performance in organisations.
 Developing and maintaining high standards of corporate governance and business ethics.
 Stakeholder management, including National and State Governments.
 Deep knowledge of doing business in India

PLN and Sumitomo -Tanjunjati A&B Power Stations January 2015 to date
Appointed under the Finance and Lease agreements between PLN and Sumitomo to resolve any
Technical disputes that arise between the parties, for a 5 year term.

HYDRO TASMANIA December 2012 to July 2013

Advisor on the Indian business strategy
Appointed, on an advisory basis, to assist Hydro Tasmania’s Indian consulting business develop its
strategy for India, Nepal and Bhutan. This involves significant desk top work along with visits to India
for meetings. I also continue mentor their Indian CEO.

EON INTERNATIONAL September 2011 to September 2012

Advisor on market entry to India
Appointed, on an advisory basis, to assist EON International enter the Indian power generation market.
This involved significant desk top work along with visits to India for meetings with key Indian Co’s and
key players.

DYESOL LTD August 2011 to November 2014

Non Executive Director
Appointed as a Non Exec Director of Dyesol Ltd. Dyesol is an ASX listed company, and is the world
leading developer of Dye Sensitive Solar Cells, which represents the 3 rd generation of solar cells. The
Company has major JV’s with Pilkington Glass, and Tata Steel in the UK, to develop building cladding
materials that act as large scale solar cells when incorporated into building structures.

ADANI MINING Pty August 2010 to date

Non Executive Director
Appointed as a Non Executive Director for Adani Mining Pty. Adani Mining is a wholly owned
subsidiary of Adani Enerprises, developing a 50MTe pa coal mine in Queensland. The project includes a
400Km rail link and export terminal development. Chairman of the Board Health Safety and
Environment Committee.

GEODYNAMICS LTD Sept 2007 to June 2010

Managing Director
Geodynamics is the leading Australian geothermal development Company. It is an ASX listed Company
and has a market cap of between $150-400m.
I joined the Company with a clear remit to build the competencies and capacity to successfully bring to
market the world class energy resource in the hot granites of the Cooper basin.
 Staff numbers grew from 10 to their current level of 80.The majority of whom are highly skilled
professional engineers and scientists.
 Since joining, the Company raised a further $150 of equity and transacted a farm-in agreement
with Origin Energy worth a further $150m.
 In April 2008 the Company successfully completed its "Proof of Concept” testing. This involved
extracting 20MWth from 4.3Kms below the ground for a 6 week period.
 The Company created a high performance innovative culture that has attracted world class
expertise to tackle the challenges associated with the project.
 Successfully obtained a Federal Government grant of $90M towards the Company's Commercial
Demonstration Plant (25MW).
 Developed and implemented Safety, Environment, Procurement, Risk Management, Project
Management, Technical Assurance, Decision Assurance, and IT, policies and procedures.
 Established an Internal Audit programme.
 Successfully managed the JV with Origin Energy.
 Represented the Company to a wide range of external stakeholders, including State and Federal
Governments.
 Appointed as the first Chairman of the Australian Geothermal Energy Association

TATA POWER Sept 2006 Sept 2007

Chief Operations Officer and Executive Director
Tata Power is the largest private Power Company in India. The COO is responsible for all operations
including all CAPEX programmes (Currently 650 MW of Coal fired and Wind Generation capacity).
The Company has an operational generation capacity of 2300MW ( gas, coal, oil and hydro) with a
2500KM high voltage transmission network, along with an extensive distribution business.
As COO I was responsible for all operations of the existing business with a staff of 2500, along with the
following key achievements
 Initiated a significant renewal of the management team
 Recruited a project team to undertake a 4000MW Ultra Super Critical Coal Fired Power Station
Project
 Negotiated the contracts for the design supply and construction of the boilers and turbines for the
4000MW Station
 Developed and gained approval for the coal supply and transport strategy and plans for the supply
of 22M Te imported coal. This included the purchase and lease of some 12 Cape sized vessels
 Jointly ( with others) developed the business case for the successful acquisition of a 30% interest
in Bumi Resources (Indonesia's largest coal miner) along with an associated 12 M Te coal supply
contract.

ERARING ENERGY, Australia Jan. 2001 to Sept 2006

Managing Director
A Government owned NSW generating company (3rd largest in Australia) with an annual turnover of
some A$500M. Formed in late 2000 the Company trades its output in the Australian National Electricity
Market and also hedges its output by means of extensive financial derivative trading. The Company
operates under the provisions of the NSW State Owned Corporations Act.
 Manage all aspects of the Company’s strategy, operations, financial performance, risk management
including trading book risk management and long term development.
 Established the Company organisation, Corporate Governance framework, policies and procedures.
 Recruited and established the Executive Management Team including what has been externally
judged as “ the best in class” energy trading team.
 Managed and reduced by $600M a negative “mark to market” of the inherited Trading book over a
24 month period.
 Delivered consistently improved, and above budget P&L results in each year of the company’s
operation, along with reductions in Company debt.- Profit Aud $120M in 2005/06
 Negotiated new long term Coal contracts with a total contract life value of $3 billion resulting in a
15% decrease in coal costs.
 Delivered major improvements in Safety and Environmental Performance across the whole
company, including gaining accreditation to ISO 14001 and AS4801.
 Managed on behalf of the NSW Government the Asbestos liabilities for the NSW power industry,
including claims management and settlement.
 Maintained self-insured status for Workers Compensation.
 Leading a major cultural change program for all the staff.
 Bringing forward a number of business development opportunities, including acquisitions using
structured finance.
 Establishing an externally recognised comprehensive risk management framework and processes
that integrate with the company’s business planning process.
 Developed and implemented a Green Strategy/CO2 response for the Company.
 Chairman of the Australian National Generators Forum for 2 years.
 Delivering in excess of a 12% reduction in staff.
 Establishing externally recognised positions of Industry Leadership in many areas of the
Company’s operations.
 NGF nominated Member of the NEMMCO Participants Advisory Committee
 Developed and maintained excellent relations with both the NSW Treasury officials and the
Shareholding Ministers

POWERGEN 1989 - 2000

General Manager and Managing Director, PowerGen India Dec. 1997 – Dec. 2000
 Managed all activities in India both operational and under construction / development.
 Led growth from a staff of 20 to 170, and developed a high performance culture.
 Grew profits from zero to £50M in 3 years.
 Completed the acquisition of Indian Partners share for £162M, taking total investment to £215M.
 Conducted negotiations to purchase the remaining equity from the State Government.
 Handled complex partnership relationships with a number of major Indian Business Houses, Indian
Financial Institutions, and various Government agencies, both at State and Union Government
level. Negotiated with Government at Ministerial level.
 Completed a large acquisition in India, including gaining all necessary consents and managing the
PR.
 Developed and implemented business development & financing strategies for India.
 Non Exec Director on the Gujarat Torrent Energy Corporation Board (Project SPV)

Regional Operations Director Europe and Latin America Oct. 1996 - Dec.1997
 Managed all aspects of the Company’s JV projects in the region including:1000 MW CCGT in
Portugal; 900 MW Lignite Fired Power Station in Germany; 17M Te Lignite mining business in
Germany and a CHP plant in Budapest.
 Represented the Company on the various JV Boards of Directors (Mibrag BV, Turbogas) and
appointed as Line Manager for all those operations where PowerGen had the O & M Contract.
 Led cost reduction measures in the JVs.
 Established high performance O&M teams.

Operations Director – India Oct. 1994 - Oct. 1996

 Established Powergen in India including establishing a subsidiary, developing strategies and
recruiting all staff. Operated with a high degree of autonomy and responsibility.
 Negotiated PowerGen’s position, both as the operator and as an equity partner, in Gujarat Torrent
Energy Corporation, a 650 MW CCGT IPP project. Led the team that negotiated all the project
contracts, including the non-recourse finance loan documents with the Indian Lenders, O&M
Contract, EPC contract, Shareholders agreement and a Government Payment Guarantee.
 Prepared and presented the PowerGen Board Investment Paper along with the supporting detailed
Risk analysis for this £30M equity investment with a capital cost of £450M.

Station Manager, Drakelow Power Station, UK Feb. 1993 - Sept. 1994

 Full P&L and Balance Sheet responsibility for a free standing Business Unit within PowerGen with
a turnover of > £80M pa.
 Improved safety 1500 days with no LTI.
 Reduced staff by 40% whilst maintaining operational capability.
 Reduced maintenance costs by 25%.
 Sustained high staff morale in a Station facing closure.
 Participated in a number of Company-wide groups: Engineering Managers (Chairman); UK Risk
Management (Member); Generation IT Steering Group (Member); Maintenance Management
System (Chairman).

Engineering Manager, Ratcliffe on Soar Power Station, UK Nov. 1989 – Feb. 1993
 Introduced a high degree of commercial focus to the management of the Engineering Department,
whilst at the same time reducing staff numbers by 40%.
 Improved availability by 8%.
 Reduced OPEX by 50%.
 Reduced outage times by 30% whilst content increased.
 Ran a capex/opex programme of some £30-40M pa.

THE BOOTS CO. UK 1977 - 1989

Chief Engineer, Pharmaceutical Production Sept. 1987 – Nov. 1989
 Responsible for the provision of a complete engineering service to 6 UK factories, and together
with 4 other executives was a key member of the Management Executive that ran what was a
£250M manufacturing operation in the UK. Total department strength was about 230 persons.
Pharmaceutical Project Engineering Manager July 1984 - September 1987
Power and Services Manager April 1978 - July 1984
Project Manager, Power and Services July 1977 - April 1978

UK Atomic Energy Athourity, Dounreay UK

1975 - 1977
Professional Technology Officer Grade II
Responsible for technical operations support on the Prototype Fast Reactor during the
commissioning period up to the attainment of full power operation.

CEGB, Wylfa Nuclear Power Station 1972 - 1975

Several positions in the Mechanical Maintenance Section and finally as Shift Control Engineer

EDUCATION AND TRAINING

B.Sc.Hon Class 2:1 in Mechanical Engineering - City University

Member of the Institution of Mechanical Engineers,
Chartered Engineer.
Certified Diploma in Accountancy and Finance
Senior Executive Programme, London Business School

PERSONAL

Nationality; British+ Australian+ Indian PIO holder; Status: Married.