Saturday, 29 November 2014

Announcement

GENERAL: TPW: TrustPower decides not to proceed with Myponga Wind Farm

10 Sep 2009 08:36NZX
Thursday, 10 September 2009

Media Release / Market Announcement
TrustPower decides not to proceed with 48MW Myponga Wind Farm

TrustPower has decided not to proceed with the proposed 48MW Myponga Wind
Farm located in South Australia following confirmation from the South
Australia Government that it will not support a variation to the height,
layout and turbine type in the existing planning approval for the proposed
wind farm.

TrustPower was hopeful of a positive response to the variation request given
that in the Group''s opinion it was not materially different to the existing
approval.  Also, with the recent passing of legislation to extend the
Renewable Energy Target from 9,500 GWh per annum to 45,000 GWh per annum by
2020, TrustPower believes that the Myponga project would have been
particularly well suited to contributing to the new renewable energy target
given its high quality wind resource and proximity to existing transmission
capacity.

TrustPower will continue to focus on developing other opportunities in
Australia.

KN Tempest
Chief Executive
End CA:00184724 For:TPW    Type:GENERAL    Time:2009-09-10:08:36:33
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