TrustPower pays $13.7 million for Energy Direct NZ to widen customer base

Tue, 14 May 2013

By Tina Morrison May 15 (BusinessDesk) - TrustPower, the electricity generator and retailer controlled by Infratil, will pay $13.7 million for the assets of Wanganui council owned Energy Direct New Zealand, allowing it to add customers near its electricity plants. Energy Direct's customers are close to TrustPower's Patea hydro scheme and its Tararua wind farm, and the purchase would also allow TrustPower to sell other services to a wider customer base, chief executive Vince Hawksworth said in a statement. "The acquisition of Energy Direct NZ...

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