Trustpower buys Australia's Green State Power assets for A$72.2 million

Mon, 23 Jun 2014

By Tina Morrison June 24 (BusinessDesk) - Trustpower, the electricity company controlled by Infratil, agreed to pay A$72.2 million for hydro power stations and wind farm assets of Green State Power from the government of the Australian state of New South Wales. The Tauranga-based utility, which generates about 5 percent of New Zealand’s power and is developing a wind farm in South Australia, will buy the 58 megawatt Hume hydro power station on the Murray River, the 27.2 MW Burrinjuck hydro power station in South West NSW, the 7.2 MW Keepi...

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