Highlights and Strategic Focus
Earnings before interest, tax, depreciation, amortisation and fair value movements of financial instruments were $294.8 million, a credible performance given lower New Zealand generation production versus prior year and a challenging retail environment.
Commenced construction of the A$439 million 270MW Snowtown Stage II Wind Farm development, TrustPower's largest ever investment.Approval for variation to the Rakaia River
Water Conservation Order is an important step forward in realising TrustPower's Irrigation Strategy in Canterbury.
STRATEGIC FOCUS 2014
Progress construction of Snowtown Stage 2 Wind Farm to schedule and budget.
Refresh retail brand and develop capability to deliver multi product retailing proposition.
Progress irrigation opportunities in Canterbury and other New Zealand regions.
Progress development approval applications for a further 570MW of wind investment in Victoria and New South Wales.