Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Transpower proceeds with $97m lines project
Transpower is going ahead with a $97 million upgrade of lines in the lower South Island saying the work has value as part of the country’s covid-19 recovery and to encourage renewable generation in the area. The national grid operator spent recent months strengthening transmis...
Listed Companies
Meridian blamed for $80m of power cost over-charging
Electricity consumers may have been over-charged by as much as $80 million in December after generators charged more for power than usual when hydro-lakes were full and spilling, the Electricity Authority says. Meridian Energy, the country’s biggest generator, chose to reduce...
Newswire
Unexpected slide in Pohokura gas production
Output from the country’s biggest gas field has fallen about 15 percent the past six weeks and operator OMV is yet to establish why. The offshore Pohokura field, the subject of a series of maintenance shuts during the past two years, delivered about 172 terajoules of gas yeste...
Listed Companies
Rakon shares climb as earnings beat guidance
Rakon shares rose 9.6 percent after the telecommunications component maker reported better than expected earnings and said the outlook, while murky, was generally positive.The company reported underlying earnings before interest, tax, depreciation and amortisation of $14.8 millio...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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