 | |
| Company type | Public |
|---|---|
| NZX: MNW | |
| Industry | Energy |
| Founded | 1993 |
| Headquarters | , New Zealand |
| Services | Electricity |
| Revenue | NZD$444.4m[1] |
| NZD$129.4m[1] | |
| Total assets | NZD$2,329m[1] |
| Total equity | NZD$1,435m[1] |
Number of employees | 250 [1] |
| Website | www |
Manawa Energy limited is a New Zealand electricity generation company that offers bespoke electricity products to commercial and industrial customers across New Zealand. Manawa energy currently operate 26 power schemes from the Bay of Plenty in the north, to Otago in the south. [2]
The company is listed on the New Zealand stock exchange, but its ownership structure is dominated by its two major shareholders: Infratil which owns 51.0% and the Tauranga Energy Consumer Trust (TECT) which owns 26.8%. The remaining 22.2% is widely held.[3]
Mercury NZ Limited acquired Trustpower Limited’s retail business for the final acquisition price of $467 million. The acquisition will double Mercury’s total customer connections. Trustpower’s retail business sells electricity, gas, fixed and wireless broadband, and mobile phone services, totalling approximately 416,000 connections. The combined business will have approximately 787,000 connections creating New Zealand’s leading multi-product utilities retail business. Mercury Chief Executive Vince Hawksworth says that Mercury and Trustpower customers will continue to receive the same high standard of service they’ve known from both retail brands. [4]
- ^ a b c d e "Annual resulta FY23" (PDF). Manawa Energy. May 2023.
- ^ "Manawa Energy Power Schemes". Manawa Energy. Retrieved 22 May 2023.
- ^ "Major shareholders". Manawa Energy. Retrieved 22 May 2023.
- ^ "Mercury's Acquisition Of Trustpower". SCOOP Business. Retrieved 2 May 2022.