Pacific Hydro appoints new Non-Executive Director

28 March 2012

Leading renewable energy company Pacific Hydro is pleased to announce the appointment of Anita Roper as a Director of the Company.

Anita has over 25 years of experience working with business, governments and communities and multi-lateral agencies on sustainable development in Australia, Canada, the United Kingdom and the USA. She is currently a Member of AngloGold Ashanti’s International Panel on Sustainability.

Anita previously worked as Chief Executive Officer at Sustainability Victoria, Global Director of Sustainability for Alcoa, and Acting Secretary General / Chief Operating Officer at International Council on Mining and Metals (ICMM) in London. During her time at Alcoa, she was a Board member of the Women’s Network For A Sustainable Future – a not for profit organisation.

“Anita brings very relevant experience and broadens the skill set of the Board,” said Pacific Hydro chairman Garry Weaven. “Her exposure and diverse experience in sustainability and in the resources sector will make an immediate contribution to Pacific Hydro as the company works with and supplies clean energy to major mining and utilities companies in its core markets.”

Garry announced that Kate Spargo, who has been a Director of Pacific Hydro for eight years, will retire as at 1st July 2012. Kate is the Chair of the Board’s Health and Safety, Sustainability and People Committee and will induct Anita into that role prior to retiring.

Garry thanked Kate for her strong contribution over the last eight years noting that the Board had operated as an effective team with diverse skills and a determination to build a platform for excellent long term returns.

“Kate has been an important part of the company’s transformation from a small Australian listed company to its current position as a leading renewable energy company operating in Australia, Brazil and Chile,” he said.

Kate Spargo said “it has been a privilege to be part of the company’s pursuit to develop renewable energy businesses in Australia and particularly in South America.”

“Pacific Hydro is committed to the long term benefits that its investments will bring both to shareholders and to the environment. I look forward to watching the company progress,” said Kate.

Anita joins at an exciting time for Pacific Hydro following the launch of the award-winning, US$450 million Chacayes run-of-river power plant in Chile and as it evolves into an operating company with a robust development portfolio in that market. The company is also exploring new opportunities in Brazil and is preparing to become a green energy retailer in Australia to service large commercial and industrial clients.

Pacific Hydro has in excess of 3,000 MW of hydro power and wind farm projects at varying stages of development, construction and operation in Australia, Brazil and Chile. Its operating wind farms and hydro plants abate an estimated 1.5 million tonnes of greenhouse gas pollution every year.

The company is also active in the booming carbon market, with proven success in the production and trading of carbon credits from its run-of-river hydro projects registered under the Clean Development Mechanism of the Kyoto Protocol.

Pacific Hydro is a wholly owned subsidiary of the Industry Funds Management (IFM) Australian Infrastructure Fund. IFM is an investment management company wholly owned, through Industry Super Holdings Pty Ltd, by a large number of Australian superannuation funds.

Through its ownership structure, Pacific Hydro provides sustainable infrastructure investment opportunities for around 5 million Australian members of Industry Superannuation Funds.