Joint ventures and investments
Joint ventures and investments
Vector has investments in a number of businesses that complement our network businesses and strengthen our capabilities in the energy services field.
LIQUIGAS NGC Holdings Limited (a wholly owned subsidiary of Vector) holds a 60.25% shareholding in Liquigas Limited, New Zealand’s leading company for tolling, storage and distribution of bulk LPG. Liquigas has staff and depots in Auckland, New Plymouth, Christchurch and Dunedin. www.liquigas.co.nz
60.25 %
VECTOR METERING JOINT VENTURE
Vector Metering is a smart metering business providing innovative smart meter data services from more than two million electricity and gas meters throughout New Zealand and Australia. In June 2023 Vector completed the sale of a 50% stake in Vector Metering to investment vehicles managed and advised by QIC Private Capital Pty Limited. This strongly positions Vector Metering to accelerate growth opportunities enabling the business to continue to play a key role in the transition of the energy industry. www.vectormetering.com
50 %
mPREST Vector holds an 8.1% shareholding in mPrest Systems (2003) Limited. The mPrest technology allows companies to better monitor, analyse and control energy networks and connect traditional infrastructure like electricity lines and substations with new technology such as solar and battery energy solutions. www.mprest.com
8.1 %
50
Vector Annual Report 2023
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