Regional growth fund trickle today becomes avalanche in election year
By Pattrick Smellie Feb. 23 (BusinessDesk) - The government has made an initial $61.7 million down-payment on its promise to spend $1 billion a year for the next three years on regional economic growth initiatives, with Cabinet papers signalling it will take three years for ma...
Extended Tekapo hydro outage a 'crying shame', says Meridian CFO
By Pattrick Smellie Feb. 21 (BusinessDesk) - Genesis Energy has been forced to extend its outage at the Tekapo-B hydro power station until June, cutting off a supply of water that would otherwise run through three of Meridian Energy's hydro power stations on the multi-station...
Revised TPP signatories organise their out-clauses
By Pattrick Smellie Feb. 21 (BusinessDesk) - The New Zealand government is in negotiations with other signatories to the 11-nation Comprehensive and Progressive Trans-Pacific Partnership Agreement over an unknown number of so-called 'side letters' that effectively remove count...
FIRST CUT: Low hydro flows cut Meridian earnings, dividend still rises
By Pattrick Smellie Feb. 21 (BusinessDesk) - Meridian Energy, the renewables electricity generator and retailer, posted a 7 percent fall in first-half earnings as low inflows into its South Island hydro catchments reduced its electricity output. Earnings before interest, ta...
Prev
