Pumped hydro plan a risk to generation investment

Gavin Evans
Wed, 29 Jul 2020

Gavin Evans
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...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.