Trustpower

Trustpower Limited
Public
Traded as NZX: TPW
Industry Energy
Founded 1993
Headquarters Tauranga, New Zealand
Services Electricity
Revenue $993m[1]
$144m[1]
Total assets $3,582m[1]
Total equity $1,810m[1]
Number of employees
 628[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 260,000 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 has two major shareholders: Infratil owns 50.5% and the Tauranga Energy Consumer Trust (TECT) owns 33.0%.[2]

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

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 / Patearea 12 MW1984Otago
Deep Streamhydro 5 MW2008
Waipori 84 MW1907
Mahinerangi36 MW2011
Trustpower power stations in Australia
StationTypeCapacityCommissionedLocation
[[Snowtown Wind Farm<ref name=scoop>"TrustPower Opens Australian Wind Farm" (Press release). TrustPower. 2 November 2008. </ref> <ref name=snowtown2014>Porter, David (13 November 2014). "Powered up to expand green charge". New Zealand Herald. </ref>|Snowtown]]wind 368 MW2008, 2014South Australia
Mypongawind 35 MWproposed
Dundonnell Wind Farm[4]wind 300 MWproposedVictoria
Salt Creek Wind Farm[5]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.[6] The project was completed in November 2014.[7]

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.[8]

See also

References

  1. 1 2 3 4 5 "Financial Statements 2015" (PDF). TrustPower. 15 May 2015.
  2. ↑ "Major shareholders". TrustPower. Retrieved 23 July 2011.
  3. ↑ "Contract to purchase Energy Direct NZ now unconditional". NZX. 14 June 2013. Retrieved 15 March 2014.
  4. ↑ "Dundonnell Wind Farm - proposed project". Trustpower.
  5. ↑ "Salt Creek Wind Farm - proposed project". Trustpower.
  6. ↑
  7. ↑
  8. ↑ "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

External links

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