TPW
24/06/2014 09:02
ASSET
REL: 0902 HRS TrustPower Limited
ASSET: TPW: Trustpower Media Release
Media Release
24 June 2014
Trustpower acquisition of Green State Power assets
Trustpower is pleased to announce that it has been successful in being
selected by the New South Wales Government to purchase certain assets of
Green State Power for A$72.2 million.
The assets include the 58 MW Hume hydro power station on the Murray River,
the 27.2 MW Burrinjuck hydro power station in South West NSW, the 7.2 MW
Keepit hydro power station, the 9.9 MW Blayney wind farm and 80% of the 4.2
MW Crockwell wind farm.
Trustpower believes that these assets will perform well within its existing
renewable energy portfolio and that it is well experienced in the operation
and maintenance of the type of assets being purchased.
Trustpower expects that in an average year the hydro and wind assets will
produce around 270 GWh and in the first full year of Trustpower ownership
will contribute around A$8.5 million to Group EBITDAF.
Settlement of the transaction is expected to occur before the end of July
2014.
Vince Hawksworth
Chief Executive
021 223 4609
End CA:00251920 For:TPW Type:ASSET Time:2014-06-24 09:02:48
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