Gentailers spend $180m smoothing Waitaki consent path

Gentailers spend $180m smoothing Waitaki consent path
Lake Benmore was created when the Waitaki hydro scheme was developed. (Image: Getty)
Ian Llewellyn
Genesis and Meridian are spending more than $180 million to smooth the path of re-consenting the Waitaki hydro scheme.This includes payments to three Ngāi Tahu hapū, the Department of Conservation (DoC) and others to redress past damage in exchange for supporting the application.In a joint statement to BusinessDesk, the two companies confirmed an agreement had been reached with three hapū to support the re-consent.BusinessDesk has been told the agreement comes with a package of more than $100m, but the gentailers would not confirm this, saying...

More Law & Regulation

Pushpay insider trader loses conviction appeal
Law & Regulation

Pushpay insider trader loses conviction appeal

A prominent businessman found guilty in 2023 of insider trading over the sale of Pushpay Holdings shares is closer to being named, with the Court of Appeal increasing his fine and dismissing his bid for continued name suppression.The case brought by the Financial Markets Authorit...

Staff reporters 08 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
Rams Logistics owed $3.2m to IRD
Economy

Rams Logistics owed $3.2m to IRD

About 50 employees are owed approximately $760,000, the liquidators said.

Gregor Thompson 08 May 2025
ComCom files criminal charges against Woolworths
Retail

ComCom files criminal charges against Woolworths

ComCom signalled the charges in December.

Gregor Thompson 06 May 2025