Trustpower

Trustpower Limited
Public
Traded as NZX: TPW
Industry Energy
Founded 1993
Headquarters Tauranga, New Zealand
Services Electricity
Revenue NZD$933.8m[1]
NZD$89.8m[1]
Total assets NZD$3,816m[1]
Total equity NZD$1,888m[1]
Number of employees
 695[1]
Website www.trustpower.co.nz

Trustpower Limited is a New Zealand electricity generation and electricity retailing company, listed on the New Zealand stock exchange.

Trustpower is New Zealand's fifth largest electricity generator (in terms of MW capacity, GWh output and revenue) and the fourth largest electricity retailer (in customer numbers), serving 277,000 customers throughout New Zealand. The company owns and operates 34 power stations. It generates 100% of its electricity using renewable energy sources, primarily hydro-electric but also wind farms.

The company's ownership structure is dominated by its two major shareholders: Infratil which owns 50.5% and the Tauranga Energy Consumer Trust (TECT) which owns 26.8%. The company's remaining shares are owned by 12,000 small parcel shareholders and there are also 12,000 bond holders.[2]

In 2013 it bought Energy Direct, a Wanganui electricity and gas company.[3]

In 2015, it bought 65% of King Country Energy Ltd from Nova Energy.[4] King Country Energy generates all of its electricity from renewable sources (principally hydro-electric generation) and supplies electricity to the Waitomo, King Country and Ruapehu Districts. King Country Energy was incorporated in 1991.

Power stations

Trustpower power stations in New Zealand
StationTypeCapacityCommissionedLocation
Bream Baydiesel 9 MW2011Northland
Lloyd Mandenohydro 16 MW Bay of Plenty
Lower Mangapapahydro 5.6 MW1979
Ruahihihydro 20 MW1981
Kaimai 5hydro 0.3 MW
Matahinahydro 80 MW1967
Wheao / Flaxyhydro 26 MW1982
Hinemaiaiahydro 6 MW1952
Mangoreihydro 4.5 MW1906Taranaki
Motukawahydro 5 MW1927
Pateahydro 31 MW1984
Tararuawind 161 MW1999Manawatu
Cobbhydro 32 MW1944Nelson
Argylehydro 11 MW1983Marlborough
Wairauhydro MW
Waihopaihydro 2.4 MW1927
Arnoldhydro 3 MW1932West Coast
Kumarahydro 6.5 MW
Dillmanshydro 3.5 MW
Duffershydro 0.5 MW
Kanierehydro 0.4 MW1909
McKay's Creekhydro 1.1 MW1931
Wahapohydro 3.1 MW1960
Coleridgehydro 39 MW1914Canterbury
Highbankhydro 28 MW1945
Montaltohydro 1.8 MW1982
Paerau / Pateareahydro 12 MW1984Otago
Deep Streamhydro 5 MW2008
Waiporihydro 84 MW1907
Mahinerangiwind 36 MW2011
Trustpower power stations in Australia
StationTypeCapacityCommissionedLocation
Snowtown Wind Farm[5] [6]wind 368 MW2008, 2014South Australia
Myponga Wind Farmwind 35 MWproposed
Dundonnell Wind Farm[7]wind 300 MWproposedVictoria
Salt Creek Wind Farm[8]wind 30 MWproposed

Developments

Trustpower's current development projects in New Zealand include the Awhitu Wind Farm near Waiuku, the Wairau Hydro Scheme near Blenheim and the Kaiwera Downs Wind Farm in Southland.

On 2 November 2008, Trustpower opened Stage 1 of the Snowtown Wind Farm, its first wind farm in Australia. The wind farm is near the township of Snowtown, 170 km north of Adelaide, and will generate 370-380 GWh pa with 47 wind turbines. Project cost is $220 million.[5] The project was completed in November 2014.[6]

The Myponga Wind Farm was a $120m project of 16 wind turbines, to be located near Sellicks Hill on the southern outskirts of Adelaide. Trustpower abandoned this project in 2009.[9]

In 2016, resource consent applications were lodged for the Waverley Wind Farm.

See also

References

  1. 1 2 3 4 5 "Financial Statements 2016" (PDF). TrustPower. 15 May 2016.
  2. ↑ "Major shareholders". TrustPower. Retrieved 23 September 2016.
  3. ↑ "Contract to purchase Energy Direct NZ now unconditional". NZX. 14 June 2013. Retrieved 15 March 2014.
  4. ↑ "Trustpower becomes new majority shareholder in KCE – changes to KCE board". King Country Energy. 7 December 2015.
  5. 1 2 "TrustPower Opens Australian Wind Farm" (Press release). TrustPower. 2 November 2008.
  6. 1 2 Porter, David (13 November 2014). "Powered up to expand green charge". New Zealand Herald.
  7. ↑ "Dundonnell Wind Farm - proposed project". Trustpower.
  8. ↑ "Salt Creek Wind Farm - proposed project". Trustpower.
  9. ↑ "TrustPower decides not to proceed with Myponga Wind Farm" (Press release). Trustpower. 10 September 2009. Retrieved 2010-10-16.
Wikinews has related news: Trustpower plans to build new windfarm in New Zealand
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