Mercury says timing of renewable development moot

Tue, 26 Feb 2019

By Gavin Evans Feb. 26 (BusinessDesk) - New generation development will get underway in New Zealand, but whether it is built within three years or five years is “relatively moot,” Mercury NZ chief executive Fraser Whineray says. All the major generators hold development options and wouldn’t have maintained consents for them if they hadn’t believed new generation would be required during the next five to 10 years, Whineray told journalists and analysts today. “It’s only a matter of time,” he said. “It’s actually `when’, not `if’” it wil...

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