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Trustpower Contracted To Supply Fletcher Challenge

MEDIACOM-RELEASE-TRUSTPOWER

Fletcher Challenge Limited has awarded Tauranga based electricity generator and retailer TrustPower a three year contract to manage the New Zealand electricity supply requirements of all its businesses.

The Fletcher Challenge group is the second largest commercial user of electricity in New Zealand. It has more than 260 sites, covering its Paper, Forests, Energy and Building divisions. As well as Fletcher Challenge named sites, the list includes operations trading under the Tasman, Firth, Winstone, Humes, PlaceMakers, Golden Bay, Challenge and Plyco brands.

Under the contract TrustPower will manage all the components of the Fletcher Challenge group's physical electricity supply, including supply from the wholesale market, metering, billing, and network services. The total value of these activities over the three-year contract period will be approximately a quarter of a billion dollars.

TrustPower has previously been supplying the electricity requirements of a number of Fletcher Challenge sites for several years. TrustPower Marketing Manager Keith Tempest said today that TrustPower was extremely pleased to have won the contract for all of the Fletcher Challenge group's New Zealand operations.

"We put a lot of effort into delivering customer service and adding value for our customers. Commercial electricity consumers are increasingly recognising that an ability to add overall value is even more important than actual price. We are looking forward to contributing even further to the success of Fletcher Challenge, which is one of New Zealand largest and most successful companies, through our involvement with a large number of additional sites," Mr Tempest said.

The contract was signed in Auckland today, and becomes effective as from 1 July 1999.

ENDS....

MEDIA RELEASE FROM TRUSTPOWER

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RELEASED VIA MEDIACOM

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