Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
OMV gains from pending Maari sale
OMV benefited by $57.4 million from its decision to sell out of the Maari oil field late last year. The US$50 million sale of its 69 percent stake in the field off the Taranaki coast was agreed in November but isn’t expected to be completed until later this year. But the de...
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Infrastructure
Vodafone to shed up to 7% of staff
Vodafone New Zealand expects to cut its 2,000-strong workforce by between 5 percent and 7 percent as it deals with the impact of the covid-19 pandemic on its roaming and retail revenue. The telco stayed operating throughout the lockdown as an essential service, and while revenue...
Infrastructure
Smelter sees little near-term gain from TPM changes
New Zealand Aluminium Smelters says new transmission pricing rules announced yesterday offer little near-term support for its operation near Bluff. The business, New Zealand’s biggest electricity consumer, is being reviewed for closure by majority owner Rio Tinto and has been...
Opinion
Gavin Evans: GAVIN EVANS: Transmission pricing - pain now or more pain later
Falling interest rates and regulatory pragmatism have helped dull the pain of the new electricity transmission pricing rules announced today. The current regime – which disadvantages renewable generation options on the South Island and risks encouraging further cost avoidance...
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