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Trustpower to sell Austalian hydro-power business for USD 129.5 million

Power News - Published on Tue, 26 Dec 2017

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Reuters reported that Trustpower Ltd would sell its Australian hydro-power generation assets operator GSP Energy to Meridian Energy Australia Pty Ltd, part of Meridian Energy, for AUD 168 million (USD 129.46 million), as the company focuses on its core New Zealand business.

Trustpower said the sale would result in a significant gain compared to the purchase price for GSP Energy of AUD 72.2 million in July, 2014.

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Posted By : Rabi Wangkhem on Tue, 26 Dec 2017
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