Horizon Networks has unveiled a comprehensive 10-year, $225 million investment plan designed to power the Eastern Bay for decades to come.

As part of Horizon Energy Group and 100 percent owned by Trust Horizon, Horizon Networks is prioritising infrastructure that is more resilient to adverse weather events and enables regional economic growth, while facilitating the transition to a low-carbon future.

Horizon Energy Group chief executive Ajay Anand said the investment was a key foundation for the Eastern Bay’s continued growth and prosperity.

“Our region is undergoing a significant transformation, from the expansion of the aquaculture and kiwifruit industries in Ōpōtiki to industrial developments in Kawerau and increased development in Whakatāne.

“The demand for electricity is increasing rapidly, with growing expectations for networks to deliver a safe, reliable supply while ensuring sufficient available capacity to support economic growth, electrification, and long-term energy resilience,” said Mr Anand.

“The plan seeks to balance investment in a safe, reliable, and sustainable electricity network with the need to keep energy costs affordable for the communities we serve. This $225 million commitment ensures our infrastructure doesn’t just keep up with growth but actively drives it.”

The first major milestone of the plan is a $14.3 million upgrade to the Ōpōtiki electricity supply from 11kV to 33kV, as the system is forecast to reach its capacity. The project is scheduled for completion in 2027.

“Upgrading the Ōpōtiki sub-transmission system is essential to support the district’s growing primary industries and surrounding infrastructure developments,” said Mr Anand.

To fund this work, Horizon Networks has submitted an application to the Commerce Commission for a pricing adjustment. If approved, the investment is estimated to result in a modest price increase for most residential consumers.

The Commerce Commission will be undertaking a consultation on Horizon Network’s application in due course, and Horizon Networks encourages the community to provide feedback.

“We are acutely aware of the cost-of-living pressures facing our families and businesses. We have worked hard to ensure this investment delivers the greatest value.

“For most households, the estimated cost is between $3 and $4 per month. It is a necessary investment to ensure our network is resilient against increasing storms and ready for the shift toward low-carbon technologies.”

“This is about more than just poles and wires. It is about ensuring the Eastern Bay of Plenty remains a resilient and attractive place to live and do business for generations to come,” said Mr Anand.

As a locally owned company, Horizon Networks’ performance provides direct returns to the community through Trust Horizon, which has reinvested $50 million into local initiatives to date.

Find out more about the investment plan on Horizon Networks website https://horizonnetworks.nz/powering-the-eastern-bay/