TPW
27/03/2014 14:06
JOINTV
REL: 1406 HRS TrustPower Limited
JOINTV: TPW: Trustpower Media Release
27 March 2014
Re: Ruataniwha Water Storage Scheme ("RWSS")
Trustpower announces that it has decided to withdraw as a potential investor
in the RWSS. Trustpower has determined that it will not be possible to
invest within its risk and return framework for a project of this nature.
Accordingly, Trustpower has terminated its memorandum of understanding,
signed in September 2013 with Hawkes Bay Regional Investment Company and Ngai
Tahu Capital Limited.
V J Hawksworth
Chief Executive
End CA:00248799 For:TPW Type:JOINTV Time:2014-03-27 14:06:49
Price at posting:
$6.49 Sentiment: None Disclosure: Held
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