Southland Power Trust acquires OtagoNet and two other electricity networks for NZ$89.6M to support growing electrification needs.

Southland Power Trust (SEPSCT) has completed a NZ$89.6 million acquisition of OtagoNet, Lakeland Network Limited, and PowerNet Limited from Electricity Invercargill Limited (EIL). This move aims to bolster local electricity networks and support growing electrification needs. The acquired assets' operations will remain unchanged, with PowerNet continuing to manage EIL's network under a long-term agreement.

December 02, 2024
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