'Modest investment' in power generation needed from 2018 to shore up supply, Transpower says

Wed, 01 Mar 2017

By Paul McBeth March 2 (BusinessDesk) - New Zealand's power system will need some "modest investment" from next year to shore up the security of supply with the closure of several thermal energy plants, and will need to step up from 2022 once Genesis Energy's coal-fuelled power stations in Huntly are decommissioned, says national grid operator Transpower. The state-owned enterprise sees the country's security of supply measures staying above forecast until at least 2018, but some investment will be needed after that to replace closed pla...

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