Pūkaki mega-lake never seriously considered: Meridian

Pūkaki mega-lake never seriously considered: Meridian
Raising the levels of Lake Pūkaki would have major environmental and infrastructure impacts. (Image: NZME)
Ian Llewellyn
Meridian Energy says it has never seriously considered an option put forward by Government officials to raise Lake Pūkaki by almost 30 metres at a probable cost of at least $8 billion.The idea was studied and put forward by the New Zealand Battery Project, part of the Ministry of Business, Innovation and Employment (MBIE), as they searched for solutions to the country’s energy security problems when dry years lower hydro lake levels.The work mainly focused on a large pumped hydro scheme on Lake Onslow. The incoming Government stopped that...

More Markets

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025
SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
10 NZ firms could get slice of $200m Fisher KiwiSaver cash
Markets

10 NZ firms could get slice of $200m Fisher KiwiSaver cash

Private equity investing will benefit both KiwiSavers and business, fund manager says.