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

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

Have your say

1200 characters left

By and large our readers' comments are respectful and courteous. We're sure you'll fit in well.
View commenting guidelines.

© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production apcf03 at 30 Jul 2016 17:38:24 Processing Time: 454ms