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 May 2019
Trustpower is pleased to release its annual report and financial statements for the year ended 31 March 2019.Trustpower announces a fully imputed final dividend of 17 cents per share and an unimputed special dividend of 15 cents per share. Both dividends are payable on 14 June 2019.Trustpower confirms its market...
10 Apr 2019
Trustpower is pleased to release its operating report for the quarter ended 31 March 2019.Trustpower updates its EBITDAF guidance for the FY-19 financial year to be in the range of $220 million - $226 million.Trustpower also wishes to advise that it expects its FY-20 EBITDAF to be in the range...
11 Feb 2019
In accordance with its accounting policies, Trustpower is undertaking a review of the carrying value of its generation assets and is in the process of obtaining an independent valuation of these assets. The early preliminary draft of this valuation indicates a potential reduction in the carrying value of these assets,...
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