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2010/11 THE YEAR IN REVIEW ULTRA - FAST BROADBAND BID TE UKU WIND FARM WESTERN NETWORK UPGRADE RAGLAN ZONE SUBSTATION PHOTOVOLTAIC TRIAL HEALTHIER HOMES NEW NETWORK MANAGEMENT SYSTEM RESIDENTIAL WIND TURBINE TRIAL THE SWITCHIT DEVICE COBHAM DRIVE ZONE SUBSTATION SMART METERS AND THE SMART GRID ENERGY MANAGEMENT AUDITS FOR SCHOOLS PAM ROA ASPIRING DIRECTOR AWARD RECIPIENT FOR 2011 16 17 ULTRA-FAST BROADBAND BID Hamilton Cambridge Te Awamutu Tauranga Tokoroa New Plymouth Hawera Wanganui On the 7th of December 2010 the Minister of The WEL consortium was made up of WEL Networks Telecommunications, Steven Joyce, announced that the Limited, Waipa Networks Limited and the Hamilton Fibre WEL Networks consortium was the successful bidder Network (HFN). HFN is owned by the Hamilton City Council, for the $300 million contract to provide an ultra-fast Environment Waikato, Waikato Institute of Technology broadband network to the Waikato, Bay of Plenty and (Wintec), the University of Waikato and Velocity Networks. Taranaki regions. This new business venture has resulted in WEL forming This contract represents a tremendous achievement for two new companies: WEL and the other consortium partners. It is expected that at the completion of the project WEL’s asset base will be • Ultrafast Fibre Limited (UFL) – a wholly double the current value. owned subsidiary of WEL Networks Limited, this company will undertake the construction of the The contract covers the main urban areas of; Hamilton, fibre network. Cambridge, Te Awamutu, Tauranga, Tokoroa, New Plymouth, Wanganui and Hawera with a population of The WEL Directors are all Directors of UFL. over 430,000 potentially being able to access ultra-fast broadband.
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