MEDIA RELEASE

Horizon Networks East Coast Asset Acquisition from Transpower

Horizon Networks are pleased to announce that as of 2 July 2018 Horizon Energy Distribution Limited (Horizon Networks) has taken ownership of Transpower’s 50,000 volt electricity line between Waiotahe and Te Kaha; as well as the substation at Te Kaha. The transfer of the substation and 66km of line adds to Horizon Networks existing asset base of over 2,500km of high voltage electricity line and 10 Substations across the Whakatane, Opotiki and Kawerau Districts - serving over 25,000 customers. Horizon Networks’ CEO Mr Anand says the acquisition represents value for the local community. “The asset transfer is logical for consumers because the community, through ourselves and Trust Horizon (formerly Eastern Bay Energy Trust), now owns the infrastructure. We have local committed staff who are able to serve the community and respond to outages” says Mr Anand. Furthermore, he adds, “The acquisition also provides Horizon Networks the flexibility to support future development in and around both the Opotiki Township and the East Coast, such that the region is able to grow by way of reliable electricity infrastructure.”

We look forward to working with the community in owning, operating and maintaining this vital electricity infrastructure for the Eastern Bay of Plenty.

ENDS

About Horizon Networks

Horizon Networks, as part of the Horizon Energy Group, owns, manages and operates the electricity network that serves the Eastern Bay of Plenty region. We’re proud to care for a network that covers more than 8,000 sq km and supplies over 25,000 customers, with a maximum demand of 90 MW of electricity.

Maintaining a continuous, safe and reliable supply of electricity while protecting our assets and whanau through excellent health, safety and environmental procedures, is key to our success.

We’re 100% New Zealand owned by the Eastern Bay of Plenty Trust which was set up to provide funding towards energy related purposes for consumers on the Horizon Network.

Horizon Networks

Keeping our community switched on

Visit www.horizonnetworks.nz for more information.

Media Contact

Jan Cronje

Operations Manager Horizon Networks

Email: [email protected]

Phone: 021 569 619