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...
Regional rail funding announcement imminent as 'wall of wood' grows
By Pattrick Smellie Feb. 21 (BusinessDesk) - Extra funding to bring the Napier-Wairoa railway line back into full-time service appears imminent, given signals yesterday from KiwiRail chief executive Peter Reidy and the announcement on Friday of the first projects to get suppor...
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