Ventia Signs five-year contract with Transpower New Zealand
- Ventia (VNT) signs a contract with Transpower New Zealand to provide, operate and maintain electrical and telecommunication services to the country’s electricity grid
- Transpower is New Zealand’s high voltage transmission network owner and operator and is responsible for the electric power transmission in the country
- The contract will run for an initial five-year period which is expected to generate revenue of NZ$300 million (A$273.6 million) to Venti a
- Under the contract, the platform will operate across the North and South islands, providing capital projects across all regions
- The company ends the day 3.15 per cent in the green with shares trading at $2.62
