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4/4/2018 — General
Trustpower sells Australian project

Trustpower Ltd (NZX: TPW) has sold an Australian hydro generation asset.

The company confirmed a December statement that it was selling this asset on a conditional basis to Meridian Energy Australia Ltd, a subsidiary of Meridian Energy Ltd (NZX MEL; ASX: MEZ) for $A168 million.

This would be pre capital gains tax and other adjustments.

The assets include the Hume, Burrinjuck and Keepit hydro generation assets owned by GSP Pty Ltd.

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