Meridian to buy Trustpower's Australian hydro assets for A$168 million

Thu, 21 Dec 2017

By Paul McBeth Dec. 22 (BusinessDesk) - Meridian Energy has agreed to buy Trustpower's Australian hydro-electric generation assets for A$168 million, which it says will support an expanding retail business across the Tasman. Wellington-based Meridian will buy the shares of GSP Energy in Australia, subject to Foreign Investment Review Board approval, adding three power stations generating 92.4 megawatts to its portfolio in Australia, it said in a statement. The former Green State Power hydro assets are the Hume, Burrinjuck and Keepit powe...

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