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

Reti: NZ was starting from ‘zero’ on AI strategy
Editor's Picks

Reti: NZ was starting from ‘zero’ on AI strategy

Shane Reti has defended the Govt AI strategy amidst criticism there's not much in it.

Dileepa Fonseka 15 Jul 2025
Court strikes out Du Val investor action against FMA
Editor's Picks

Court strikes out Du Val investor action against FMA

Court finds regulator owed Du Val investors no particular duty of care.

Garth Bray 14 Jul 2025
Fast-track friction over Ōrewa housing development
Policy

Fast-track friction over Ōrewa housing development

Watercare says it may not service the proposed 1200-home development.

Oliver Lewis 11 Jul 2025
Ryman, Summerset unshaken by Victoria fee crackdown
Property

Ryman, Summerset unshaken by Victoria fee crackdown

A Victorian tribunal has ruled that Lifestyle Communities' fees are void.

Gregor Thompson 10 Jul 2025