Infrastructure Investment In New Zealand
CKI holds a 50% stake in Wellington Electricity, which distributes electricity to the capital city of New Zealand.
Wellington Electricity Lines Limited
Wellington Electricity is jointly owned by CKI and Power Assets, each with a 50% shareholding.
With the core business of electricity distribution, Wellington Electricity delivers power to about 160,000 homes and businesses in the Wellington, Porirua and Hutt Valley regions of New Zealand. Its network is largely underground, spanning some 4,500 kilometres.
In 2010, the business has provided consistent profit contribution to CKI. An excellent result was achieved in terms of safety, reliability and customer service from its electricity distribution network.
Despite a weakened economy in New Zealand following the global financial crisis and recession in 2009, Wellington Electricity attained stable growth during the year under review.
The business is well-positioned to continue to provide customers with a high level of service, as well as to consider new opportunities for provision of further services to the New Zealand market.