Powerco

Powerco

Leading energy distribution network ensuring reliable electricity and gas services across New Zealand.

HQ location
New Plymouth, New Zealand
Launch date
Enterprise value
$2.3b
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DateInvestorsAmountRound
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NZD1.2b

Valuation: NZD3.5b

Acquisition
Total Funding000k
Notes (0)
More about Powerco
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Powerco is a leading energy distribution company in New Zealand, specializing in the delivery of electricity and gas services. The company operates in the energy sector, serving residential, commercial, and industrial clients across various regions including Taranaki, Bay of Plenty, and South Waikato. Powerco's business model revolves around maintaining and upgrading its extensive network infrastructure to ensure reliable energy supply. Revenue is generated through regulated tariffs charged to customers for the use of its distribution network. The company is committed to sustainability, actively working towards a low-carbon future by integrating low carbon technologies and energy sources. Powerco also places a strong emphasis on social responsibility, promoting a diverse and inclusive culture within its workforce. Key initiatives include supporting local communities through donations and improving operational efficiencies to drive positive environmental outcomes.

Keywords: energy distribution, electricity, gas services, New Zealand, sustainability, low-carbon, infrastructure, reliability, community support, regulated tariffs.

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