Bureaucracy delaying new electricity generation, Contact CEO Mike Fuge says

Contact boss Mike Fuge says he is doing all he can to get new generation built. (Image: NZME)

Tue, 19 Aug 2025

Contact’s chief executive Mike Fuge believes there are “elements in the bureaucracy” who are slowing down the sector’s attempts to build new electricity generation.Speaking after the company reported a strong result for the 2025 financial year, Fuge emphasised Contact’s pipeline of new generation.The 13% increase in net profit of $331 million was on the back of new geothermal generation and the Ahuroa Gas Storage (AGS) facility delivering value for money in a constrained gas market.For the 12 months ending June, Co...

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