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.
13 Feb 2017
Trustpower’s operating statistics for the quarter ended 31 December 2016 together with prior period comparatives are provided at the end of this announcement.
In 31 October 2016, Trustpower Limited implemented its demerger whereby the Company separated into two separate companies: Trustpower Limited (formerly Bay Energy Limited, Trustpower) and Tilt Renewables Limited...
1 Feb 2017
Trustpower Limited ("Trustpower"), through its subsidiary King Country Energy Holdings Limited ("KCEHL"), is a 65% shareholder of King Country Energy Limited ("KCE"). KCE is an electricity generator and retailer based in Taumarunui, King Country.
The trustees of the King Country Electric Power Trust ("KCEPT") hold 20% of the shares of KCE,...
7 Nov 2016
On 31 October 2016, Trustpower Limited implemented its demerger whereby the company separated into two separate companies: Trustpower Limited (formerly Bay Energy Limited, Trustpower) and Tilt Renewables Limited (Tilt). The demerger is described in more detail in the scheme booklet published in August 2016.
For the half year to 30 September...
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