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Ruataniwha Water Storage Scheme

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

© Scoop Media

 
 
 
 
 
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