Trustpower

Trustpower Limited

Type	Public
Traded as	NZX: TPW
Industry	Energy
Founded	1993
Headquarters	Tauranga, New Zealand
Services	Electricity
Revenue	$993m[1]
Net income	$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

Station	Type	Capacity	Commissioned	Location
Bream Bay	diesel	9 MW	2011	Northland
Lloyd Mandeno	hydro	16 MW		Bay of Plenty
Lower Mangapapa	hydro	5.6 MW	1979
Ruahihi	hydro	20 MW	1981
Kaimai 5	hydro	0.3 MW
Matahina	hydro	80 MW	1967
Wheao / Flaxy	hydro	26 MW	1982
Hinemaiaia	hydro	6 MW	1952
Mangorei	hydro	4.5 MW	1906	Taranaki
Motukawa	hydro	5 MW	1927
Patea	hydro	31 MW	1984
Tararua	wind	161 MW	1999	Manawatu
Cobb	hydro	32 MW	1944	Nelson
Argyle	hydro	11 MW	1983	Marlborough
Wairau	hydro	MW
Waihopai	hydro	2.4 MW	1927
Arnold	hydro	3 MW	1932	West Coast
Kumara	hydro	6.5 MW
Dillmans	hydro	3.5 MW
Duffers	hydro	0.5 MW
Kaniere	hydro	0.4 MW	1909
McKay's Creek	hydro	1.1 MW	1931
Wahapo	hydro	3.1 MW	1960
Coleridge	hydro	39 MW	1914	Canterbury
Highbank	hydro	28 MW	1945
Montalto	hydro	1.8 MW	1982
Paerau / Patearea		12 MW	1984	Otago
Deep Stream	hydro	5 MW	2008
Waipori		84 MW	1907
Mahinerangi		36 MW	2011

Trustpower power stations in Australia

Station	Type	Capacity	Commissioned	Location
Snowtown Wind Farm[4] [5]	wind	368 MW	2008, 2014	South Australia
Myponga Wind Farm	wind	35 MW	proposed
Dundonnell Wind Farm[6]	wind	300 MW	proposed	Victoria
Salt Creek Wind Farm[7]	wind	30 MW	proposed

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.^[4] The project was completed in November 2014.^[5]

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

• Electricity sector in New Zealand
• New Zealand electricity market

References

1. "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. "TrustPower Opens Australian Wind Farm" (Press release). TrustPower. 2 November 2008.
5. Porter, David (13 November 2014). "Powered up to expand green charge". New Zealand Herald.
6. "Dundonnell Wind Farm - proposed project". Trustpower.
7. "Salt Creek Wind Farm - proposed project". Trustpower.
8. "TrustPower decides not to proceed with Myponga Wind Farm" (Press release). Trustpower. 10 September 2009. Retrieved 2010-10-16.

External links

• Trustpower website