Five New Zealand power generators, which banded together to trade forward contract hedging derivatives as EnergyHedge, have snubbed New Zealand stock exchange attempts to become the trading platform, instead opting to join the Australian stock exchange.
Construction of stage one of the Mahinerangi wind farm will begin in September, with the first power expected to be produced in February, TrustPower announced yesterday.
TrustPower Ltd has reported after-tax profit rose 14 percent to $119.4 million in the year ended March 31, 2010 on a 3 percent fall in revenue.
Forty-six groups have this year been nominated for the TrustPower Oamaru Community Awards, three fewer than last year.
The group behind the Cromwell Summer Series, which annually attracts 1500 cyclists and runners to compete in six sports events, has gained top honours in the TrustPower Central Otago District Community Awards.
An announcement that TrustPower is ready to go ahead with the first stage of its Mahinerangi wind farm is expected to be made within "the next few weeks".