Ruataniwha Water Storage Scheme
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