ELECTRICITY

Tassie power rumour for NZ's Powerco

New Plymouth-headquartered Powerco is remaining tight-lipped about industry rumours that it is a ...

Industry rumours had Tasmanian Deputy Premier Paul Lennon and State Treasurer David Crean last week visiting the New Plymouth company to talk to Powerco about a contract for the installation of natural gas pipelines to some 100,000 Tasmanian homes.

Powerco chief executive Steve Boulton is neither confirming nor denying such a visit, though he admits his company, which already has a network services operational base in Queensland, did get involved with the Tasmanian government about a year ago.

That was when the Australian state was building a shortlist of parties for a final tender round. "But we never made the short list and there were no further discussions," Boulton told EnergyReview.Net today.

He understood the Tasmanian government had recently issued a statement indicating that no-one had met the final selection criteria, so the whole process might have to be repeated, however.

Powerco - which is now New Zealand's second largest energy reticulator following its acquisition of part of the former UnitedNetworks Ltd empire - was regularly talking to up to 10 companies regarding possible business opportunities here and across the Tasman.

He declined to identify any firms or organisations Powerco had recently talked to, saying his company was still concentrating on fully integrating the UNL operations and assets into the Powerco network.

Powerco purchased UNL electricity lines in greater Tauranga and parts of eastern and southern Waikato; as well as gas pipelines in Hastings, westward to Palmerston North and some additional pipelines in the Wellington region.

Powerco employs about 350 people around the North Island and 150 people at its network services base out of Brisbane.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

Future of Energy: The Role of Batteries Report 2026

The role of batteries and storage in Australia’s energy transition

editions

Future of Energy Report: Nuclear Power in Australia 2024

Energy News Bulletin’s new report examines what the energy and resources industry thinks of the idea of a nuclear-powered Australia.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.