with goal of becoming NZ's leading multi-utility retailer providing electricity, natural gas, bottled LNG and telecommunication services.
In New Zealand Trustpower owns and operates 22 hydro power stations with a total installed capacity of 516MW excluding King Country Energy generation assets. Trustpower, is headquartered in Tauranga, with approximately 750 full time equivalent employees operating a multi-product retail business, including electricity, gas and telecommunications services with approximately 280,000 electricity customer connections, 31,500 gas customer connections and 65,000 telecommunications customer connections.
From initially owning the 40MW Kaimai scheme near Tauranga, Trustpower grew through an active acquisition programme between 1999 and 2003. Trustpower successfully integrated these geographically diverse schemes into unified operational management regimes and systematic asset management programmes. Trustpower then actively invested in a renewable generation development programme which has brought the total owned hydro and wind generation to 630MW in New Zealand, as well as the 370MW Snowtown Wind Farm in South Australia.
On 18 December 2015 Trustpower announced that it was considering separating into two New Zealand incorporated listed companies, Tilt Renewables and New Trustpower via a Court approved scheme of arrangement. This proposal was approved by shareholders in September 2016 and following Court Approval the two entities listed on the NZX on 28 October 2016. Tilt holds Trustpower's Australian and New Zealand wind assets and is focused on the development, management and operation of wind farms in Australasia and grid connected solar in Australia.
25 Jan 2018
Proposal to re-settle the Tauranga Energy Consumer Trust and cease to pay the TECT cheque to Trustpower customers in the Tauranga / Western Bay of Plenty region
Attached is the market release from Trustpower in relation to the proposal to re-settle the Tauranga Energy Consumer Trust and cease to pay the...
19 Jan 2018
Trustpower is pleased to announce it Quarterly operating stats for the three months ended December 2017.
Trustpower reiterates its current FY-18 market guidance expectation of EBITDAF in the range of $255 million to $270 million, with an expectation that the final outcome will be close to or slightly above the mid-point...
22 Dec 2017
Trustpower has today announced the completion of its strategic review of its Australian hydro generation assets, which has culminated in the sale of GSP Energy to Meridian Energy.
Refer to the attached Trustpower release for further information.
Phillippa Harford Chief Financial Officer
© Copyright Infratil