Trustpower expands ownership through Australia

Add a comment
An artist's impression of the new Trustpower building being developed in Tauranga's CBD.
An artist's impression of the new Trustpower building being developed in Tauranga's CBD.

Tauranga-based company Trustpower has expanded its ownership in Australia and purchased assets of Green State Power for A$72.2 million.

The assets include the 58 megawatt (MW) Hume hydro power station on the Murray River, the 27.2 MW Burrinjuck hydro power station in South West New South Wales, the 7.2 MW Keepit hydro power station, the 9.9 MW Blayney wind farm and 80 per cent of the 4.2 MW Crockwell wind farm.

Trustpower said the assets would perform well within its existing renewable energy portfolio and it was well experienced in the operation and maintenance of the type of assets being purchased.

Settlement of the transaction is expected to occur before the end of July, this year.

- BAY OF PLENTY TIMES

Have your say

We aim to have healthy debate. But we won't publish comments that abuse others. View commenting guidelines.

1200 characters left

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on red akl_n3 at 22 Aug 2014 05:56:16 Processing Time: 1418ms