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

FMA pings accountants, lawyers for investor certificates misuse
Property

FMA pings accountants, lawyers for investor certificates misuse

The professionals certified people were eligible investors when they weren't.

Maria Slade 03 Nov 2025
Beyond Meat rally tempts Kiwi traders
Markets

Beyond Meat rally tempts Kiwi traders

Meme stock mania puts Beyond among top traded stocks on Sharesies and Hatch.

Ebos CEO grilled on 'drastic' share-price fall
Markets

Ebos CEO grilled on 'drastic' share-price fall

Adam Hall's first AGM may well be the toughest he'll ever face.