Who is Trustpower owned by?

Who is Trustpower owned by?

Infratil
TrustPower’s majority owner is infrastructure investment company Infratil, which holds 51 per cent of the Tauranga-based electricity generation and retail company. Infratil executive Tim Brown said 75 per cent of Infratil shares were owned within New Zealand.

Has Trustpower been sold?

Trustpower sells retail business to Mercury for $441m, pending Commerce Commission approval. Power generator and retailer Mercury NZ said it will buy Trustpower’s retail business for $441 million once it meets several conditions including Commerce Commission approval.

Is Trustpower in australia?

TrustPower Limited is a New Zealand public company, deriving revenue from the operation of electricity generation facilities and the retailing of energy and telecommunications services. The company employs approximately 800 people, operates in New Zealand, and is administered by its head office in Tauranga.

What does Trustpower do?

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).

Where does Trustpower get its power from?

We have a strong focus on sustainable, renewable electricity generation using hydroelectric power stations.

Is mercury buying Trustpower?

Mercury Energy has been given the green light to buy Trustpower’s retail business by the Commerce Commission, which said the $441 million deal would not substantially lessen competition.

Is Trustpower NZ owned?

Trustpower is a publicly-owned company, listed on the New Zealand Exchange (NZX). We’re a generator of electricity, a retailer of energy and telecommunication services.

Who owns Mercury?

Mercury
Mercury NZ Limited/Parent organizations

Where does trustpower get its power from?

Is Trust Power NZ owned?

How many employees does Trustpower New Zealand have?

Trustpower sold its Australian hydro-power generation assets operator GSP Energy Pty Limited for A$168 million ($129.46 million), as the company focuses on its core New Zealand business. Trustpower has over 700 full time equivalent employees working throughout New Zealand. Power: We supply electricity to approximately 270,000 customers nationwide.

Who are the major shareholders of Trustpower?

An electricity centre opens in central Tauranga to serve customers directly. Infratil Limited becomes a major shareholder in Trustpower. Trustpower purchases 67 percent of Rotorua Electricity Limited. The first Trustpower Community Awards are held with the Western Bay of Plenty District Council.

Who was the company that sold Trustpower to?

Following a competitive sales process, TrustPower sold its lines business to United Networks Limited (formerly Power New Zealand) for $485 million.

How many power boards does trust power have?

Trustpower sells its lines network and invests in the retail business and generation assets of eight power boards. In six months, Trustpower grows from 90,000 customers to over 200,000. 1999 – Trustpower purchases Coleridge , Matahina and Highbank Stations from ECNZ.