Pumped hydro plan a risk to generation investment

Wed, 29 Jul 2020

The pumped hydro project the government is considering in Central Otago could be as damaging for electricity generation investment as the exploration ban has been for the oil and gas sector, a leading energy analyst says.The $4 billion Lake Onslow proposal is a potential “1,000-pound gorilla” that is likely to stall other generation investment while its cost, scale and ultimate fate is determined, Enerlytica director John Kidd said.“Security of supply is everything” yet the Onslow proposal, if pursued, would likely delay...

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