Refining NZ says power cut may cost $2.5m

Refining NZ says power cut may cost $2.5m
Gavin Evans
Refining NZ says the power cut that shut the Marsden Point refinery yesterday may trim full-year profit by as much as $2.5 million.About 90,000 people lost power in Northland yesterday due to a fault on a 220-kilovolt circuit running from Huapai north of Henderson to Marsden Point.While the refinery was shut down without damage or injury, restarting processing units is likely to take a few days, the company said today. That delay will likely reduce full-year net profit by $1.5-2.5 million, the refiner said in a statement on NZX. The company rep...

More Infrastructure

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Govt commits to Christchurch road upgrade
Infrastructure

Govt commits to Christchurch road upgrade

Last year, the Government pushed the project down the queue and said no new Crown funds.

Oliver Lewis 05 Feb 2025
Govt calls for alternative ferry proposals
Infrastructure

Govt calls for alternative ferry proposals

Investors and maritime operators have until Feb 28 to submit Cook Strait proposals.

Oliver Lewis 04 Feb 2025
Ferry procuring company hasn't been set up
Infrastructure

Ferry procuring company hasn't been set up

The deadline is only two months away. 

Oliver Lewis 03 Feb 2025