Pumped hydro criticism motivated by commercial self-interest – Woods

Pumped hydro criticism motivated by commercial self-interest – Woods
'They would say that" – energy minister Megan Woods on major players criticism of pumped hydro project. (Image: Getty)
Ian Llewellyn
It is not surprising major players in the electricity sector are casting doubts on the feasibility of a pumped hydro scheme as it may not match their commercial interests, says energy minister Megan Woods.The comments referred to a study commissioned by Meridian Energy and Contact Energy that said the Lake Onslow pumped hydro scheme being considered by the government is the most expensive and risky option to deal with the issues facing the electricity system.Woods told Parliament: “I don't think anyone would be surprised that exi...

More Editor's Picks

Why Savor Group won't sell you lamb cutlets
Markets Small Cap Wrap

Why Savor Group won't sell you lamb cutlets

Plus, its D-day for Tait's Vital takeover, and more.

Expressway bidder faces scrutiny amid Sydney rail allegations
Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations

NZTA is monitoring the situation as it assesses a local bid involving Webuild.

Oliver Lewis 11 Sep 2025
ANZ's NZ operation may escape worst of 'Nuno-geddon'
Finance

ANZ's NZ operation may escape worst of 'Nuno-geddon'

ANZ NZ’s performance might be its potential saving grace.

Andy Macdonald 10 Sep 2025
Tariffs tanked markets – NZ Super Fund cashed in
Markets

Tariffs tanked markets – NZ Super Fund cashed in

The Super Fund netted $745 million from active investments. How?