Infrastructure

Explore the latest energy and fuel news by BusinessDesk. 

UPDATE: Tilt advances Waverley, withholds dividend
Gavin Evans | Thu, 09 May 2019

(Updates with company comment from seventh paragraph.) By Gavin Evans May 9 (BusinessDesk) - Tilt Renewables says it expects to execute an off-take agreement for the 130-megawatt wind farm it plans at Waverley within weeks. The Melbourne-based developer has been in talks...

Tilt advances Waverley project, withholds dividend
Gavin Evans | Wed, 08 May 2019

By Gavin Evans May 9 (BusinessDesk) -  Tilt Renewables says it expects to execute an off-take agreement for the 130-megawatt wind farm it plans at Waverley within weeks. The Melbourne-based developer has been in talks with Genesis Energy on the southern Taranaki project sin...

Govt opens low-carbon summit with $47M commitment to new energy research
Pattrick Smellie | Wed, 08 May 2019

By Pattrick Smellie May 9 (BusinessDesk) - The government will invest $27 million to establish a new energy centre in Taranaki as a gesture towards assisting the region's transition from a multi-billion dollar oil and gas industry to a low-carbon economy. Prime Minister Jac...

Mainzeal lawyers argue over $36 million penalty
Paul McBeth | Wed, 08 May 2019

By Paul McBeth May 8 (BusinessDesk) - Lawyers in the Mainzeal case were back in court today arguing whether the $36 million penalty handed down to directors of the failed construction company, including former Prime Minister Jenny Shipley, should attract up to six years' inter...

'Toothless' or ' alarming' - reaction to the Zero Carbon Bill
Pattrick Smellie | Wed, 08 May 2019

By Pattrick Smellie May 8 (BusinessDesk) - Reactions to the net zero carbon emissions legislation released today range from Greenpeace attacking it as "toothless" and "miserly" to Federated Farmers calling it "frustratingly cruel". Two key issues are at the heart of those a...

Pushpay appoints chairman Bruce Gordon new CEO
Rebecca Howard | Wed, 08 May 2019

By Rebecca Howard May 8 (BusinessDesk) - Digital church collection payment operator Pushpay said it has appointed board chairman Bruce Gordon as the new chief executive after Chris Heaslip resigned effective May 31.  Gordon, who will assume the role from June 1,  will also...

Pushpay lifts FY19 net profit; FY20 guidance upbeat
Rebecca Howard | Tue, 07 May 2019

By Rebecca Howard May 8 (BusinessDesk) -  Digital church collection payment operator Pushpay is upbeat about the coming year after lifting revenue by 40 percent and reporting a full-year net profit. The NZX-listed, US-headquartered software-as-a-service company, reported a...

UPDATE: Kernahan to leave Fletcher Building for Hall's Group
Jenny Ruth | Mon, 06 May 2019

(Updates with details of Kernahan’s new job from 2nd par and further details about her positions at Fletcher.) By Jenny Ruth May 7 (BusinessDesk) - Fletcher Building’s Michelle Kernahan is leaving the company at the end of July for a "new career challenge.” She is to be...

Pohokura work winding up
Gavin Evans | Mon, 06 May 2019

By Gavin Evans May 7 (BusinessDesk) - Maintenance work at the country’s biggest gas field is winding up, with China Oilfield Services’ Boss rig expected to start decoupling from the Pohokura production platform by tomorrow. That process means production from the field’s off...

Chch councillors rue govt funding pullback in successful $2.2B SCIRT programme
Paul McBeth | Mon, 06 May 2019

By Paul McBeth May 7 (BusinessDesk) - Christchurch city councillors were left ruing central government's decision to dial back its share of the largely successful $2.24 billion programme to rebuild and repair the city's horizontal infrastructure such as water pipes and roads. ...

UPDATE: Huawei calls for talks with GCSB minister on 5G
Nikki Mandow | Mon, 06 May 2019

(Adds GCSB comment from 20th paragraph) By Nikki Mandow May 6 (BusinessDesk) - Huawei has vigorously defended its right to be part of New Zealand’s 5G mobile network build at the China Business Summit in Auckland this morning. And it has called on GCSB Minister Andrew Littl...

UPDATE: KiwiRail chair takes reins as CEO
Gavin Evans | Fri, 03 May 2019

(Adds union comment from 14th paragraph.) By Gavin Evans May 3 (BusinessDesk) - KiwiRail chair Greg Miller has been named chief executive of the state-owned rail operator after the company said an international search failed to find a candidate with sufficient breadth of ex...

KiwiRail chair to take reins as CEO
Gavin Evans | Fri, 03 May 2019

By Gavin Evans May 3 (BusinessDesk) - KiwiRail chair Greg Miller has been named chief executive of the state-owned rail operator after the company said an international search failed to find a candidate with sufficient breadth of experience. Miller only joined the board in...

Technology at scale key to Z Energy's future growth
Gavin Evans | Fri, 03 May 2019

By Gavin Evans May 3 (BusinessDesk) - Deploying new technology at scale to provide better services will be a key part of Z Energy’s future growth, chief executive Mike Bennetts says. New Zealand’s biggest fuel retailer spent about $10 million in the past year on a range of...

UPDATE: Z Energy shares rise on savings, dividend guidance
Gavin Evans | Thu, 02 May 2019

(Recasts to focus on savings initiatives, adds share price in 8th paragraph, Marpol risk to end) By Gavin Evans May 2 (BusinessDesk) - Z Energy shares rose after the company forecast a $22 million benefit from its efficiency initiatives in the current year and signalled at...

Z Energy FY earnings fall 13% on refinery outage, crude price hike
Gavin Evans | Wed, 01 May 2019

By Gavin Evans May 2 (BusinessDesk) -  Z Energy reported a 13 percent decline in full-year net profit after an extended outage at the Marsden Point refinery raised its costs and record pump prices reduced sales volumes industry-wide. The country’s biggest fuel retailer said...


Archived pages