Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Top Energy Director Retires

Top Energy Director Retires

Doug Troon, a Director of Top Energy Ltd for 11 years, retired at the Company’s Annual General Meeting last Tuesday.

Troon joined the Far North lines distribution and power generation business in 2000 and has since been involved in securing resource consents for the Ngawha Power Station expansion, the establishment of the Group’s PHONEplus call centre subsidiary and, more recently, the development of the lines business‘ 10-year, $260 million reliability and capacity investment programme - which effectively doubles the length of Top Energy’s distribution network, increases the number of zone substations from 10 to 18 and provides a second high-voltage transmission line from Kaikohe to Kaitaia. The programme will deliver improved reliability of supply for all Far North power consumers, increased load capacity to meet future growth and a more acceptable level of return on the Group’s network assets.

Top Energy Directors are appointed by the Top Energy Consumer Trust. Trust Chairman, Robin Shepherd said, “Doug has been part of some of the most interesting and challenging times experienced by the Group. His engineering background has provided valuable input to the Board’s deliberations, as has his general commercial experience. On behalf of the Trustees, I thank him for his contribution in helping add shareholder value.”

For the past year, Top Energy’s Board has operated with 6 Directors and the Trustees believe it is desirable that this continue. They therefore expect to fill the vacancy in the next few months.

The remaining Top Energy Directors are; Paul Byrnes (Chairman), Mike Simm (Deputy Chairman), Peter White-Robinson, Andrew Kelleher and Paul White. Robert Kirkpatrick is the Independent Director for Ngawha Generation Limited. END.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Hospitality NZ: Hospitality Wages Jump 9% To Pass Living Wage
Wages and salaries across the hospitality sector continue to increase despite businesses having to battle through some of the toughest trading periods in living memory... More>>

Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>

Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>