- Ensuring an independent and resilient energy supply
- Enabling economic growth in the Waikato
- Growing business for intergenerational wealth
The Company
Tainui Group Holdings (TGH) has formed a new subsidiary business, Ruakura Energy, to own and operate a bespoke electricity distribution network, designed to meet the energy needs of the Ruakura Superhub, one of the largest inland port and logistics precincts in Australasia.
The Superhub is adjacent to nearby national electricity assets and is already home to a number of large warehouse and distribution centres with significant energy needs including for temperature controlled, cold-chain operations. This has created the opportunity for TGH to develop its own electricity network.
Following a competitive process, Ruakura Energy has appointed PowerNet Ltd (New Zealand’s fourth largest electricity management company) as the Network Manager to manage the distribution assets, ensuring quality service and operational reliability. TENCO, an embedded network billing provider based in Christchurch will provide billing and registry management services.
Critical components of the network are currently under construction and Ruakura Energy is expected to commence operations under its own name in late 2024.
About The Independent Director Role:
Ruakura Energy is seeking to appoint an Independent Director, to join the two existing Board Directors from Tainui Group Holdings.
You will bring knowledge in the electricity regulatory environment, with knowledge of the energy sector including renewables.
Additional skills and attributes sought include:
- Sound and proven commercial competence
- Proven strategic thinking ability
- Governance experience would be an advantage.
The key focus of the Ruakura Energy Board includes:
- Getting the business up and running and to a steady state
- Driving business growth, balanced against wider shareholder and development objectives
- Development of long term strategy
Alignment with Tainui Group Holdings values will be key to success in this governance role:
Manaakitanga | care in our work
Kaitiakitanga | guardianship
Mahitahi | teamwork
Pono me te Tika | honesty and integrity
The Board meets seven times a year, either in person or online. This is a remunerated appointment.