Dec 18 (Reuters) - TrustPower Ltd TPW.NZ :
* TrustPower proposal to demerge nz and aus wind business
* "Considering separating into two New Zealand listed companies, by way of a court approved scheme of arrangement "
* Says trustpower's board has not formally determined to proceed with the proposal
* Says new co: which will hold trustpower's Australian and New Zealand wind assets and wind and solar development pipeline
* Says shareholder meeting is expected to be called in the second quarter of 2016 to consider the matter
* "Expected the tpw core will continue to provide shareholders with regular dividend income with growth prospects over time"
* If proposal is given effect, shareholders will receive one share in each of newco and TrustPower core for each share held in TrustPower
* "Bruce harker will retire from the board of TrustPower, to become designate chair of newco"
* "Expected new build opportunity of c15,000gwh in Australia over the next 5 years"
* Source text for Eikon ID:nNZW7XM6fw