Meridian Energy abandons QLD hyrdo plans on "puzzling" Australian stance

Thu, 11 Dec 2014

By Suze Metherell Dec. 12 (BusinessDesk) - Meridian Energy, the partially privatised electricity generator and retailer, has abandoned plans for a Queensland hydro power project, blaming the "destabilising revisions" in the Australian Federal Government's renewable energy policy. The Wellington-based gen-tailer has scrapped plans to build the 37 megawatt hydro power station at Burdekin Falls Dam, Australia's largest dam, after the federal government moved to reduce the country's renewable energy target, creating regulatory uncertainty ar...

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