Thursday 13th November 2008
|Text too small?|
The consents granted by the Grey District and West Coast Regional Council can still be appealed in the Environment Court. The cost of the project will be about $185 million, TrustPower said in a statement.
This month, the utility reported a 4% gain in first-half profit after it increased electricity production, reducing its need to buy power on the spot market. TrustPower, New Zealand's fifth largest electricity generator with 34 power stations, said the first-half results put the company on track for a "satisfactory" full-year profit.
The shares were unchanged at $7.40 and are down 14% this year, less than half the decline of the NZX 50 Index.
No comments yet
TrustPower, Ngai Tahu Holdings may invest $106M in Ruataniwha water scheme
TrustPower generated less energy for fewer customers in the first quarter
Transpower to pay government special div of $65.7M from d-cyphaTrade sale
Transpower sells derivatives trading unit d-cyphaTrade to ASX for A$55 mln
TrustPower pays $13.7 million for Energy Direct NZ to widen customer base
TrustPower FY earnings fall 6 percent on dwindling customers, thinner margins; shares gain
TrustPower sets interest rate on seven- year bonds
TrustPower looks to raise $125M in bond sale
Transpower runs $30 million over budget on North Island upgrade
TrustPower pushes margins, sheds customers for 16% earnings rise