Extreme low hydro inflows reduces TrustPower's profit outlook
18 Jun 2008
The New Zealand major hydro storage lakes have been as low as 49% and are currently 55% of average for this time of the year and the electricity industry has commenced a nationwide power savings campaign.
TrustPower's hydro generation portfolio has been impacted by this year's nationwide drought. Wind generation has been variable. In May the output from the Tararua Wind Farm was half of average but so far during June that output has returned to the long-term average.
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