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

Soft tissue repair company Aroa could unlock $1.6b market
Markets

Soft tissue repair company Aroa could unlock $1.6b market

A transformational year is predicted for Aroa with potential for maiden profit.

NZ sharemarket up 0.1% on flat trading day
Markets Market close

NZ sharemarket up 0.1% on flat trading day

The S&P/NZX 50 Index closed at 11,790.92, up 14.18 points or 0.12%.

Graham Skellern 03 Jul 2024
Advent International eyes NZ deals with Aussie outpost
Markets

Advent International eyes NZ deals with Aussie outpost

US private equity giant says NZ key market for growth.