Bureaucracy delaying new electricity generation, Contact CEO Mike Fuge says

Bureaucracy delaying new electricity generation, Contact CEO Mike Fuge says
Contact boss Mike Fuge says he is doing all he can to get new generation built. (Image: NZME)
Ian Llewellyn
Contact’s chief executive Mike Fuge believes there are “elements in the bureaucracy” who are slowing down the sector’s attempts to build new electricity generation.Speaking after the company reported a strong result for the 2025 financial year, Fuge emphasised Contact’s pipeline of new generation.The 13% increase in net profit of $331 million was on the back of new geothermal generation and the Ahuroa Gas Storage (AGS) facility delivering value for money in a constrained gas market.For the 12 months ending June, Co...

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