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.
18 Dec 2019
Attached is a market release from Trustpower Limited (TPW) advising that Vince Hawksworth has resigned as the Chief Executive and will be taking up the role of Chief Executive at Mercury NZ Limited. Current Trustpower Director, Dr David Prentice, will take over as interim Chief Executive."Infratil adds its thanks, to...
18 Nov 2019
Trustpower is pleased to announce it has reached an unconditional agreement with Financial Corporation Limited (FCL) for the sale of its electricity meter assets and meter equipment provider (MEP) business, with completion occurring on Friday 15th November.
7 Nov 2019
Trustpower is pleased to release its half year report for the six months ended 30 September 2019.Attached to this announcement are:• Interim report for the six months ended 30 September 2019• Media release• Investor presentation Trustpower has previously indicated it expects FY-20 EBITDAF guidance to be at the bottom end of...
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