Sharechat Logo

Update on Clutha Upper Waitaki Lines Project

Wednesday 1st July 2020

Text too small?

Contact Energy CEO Mike Fuge said today the company was “very pleased” that Transpower New Zealand was continuing with the remainder of the Clutha Upper Waitaki Lines Project (“CUWLP”) following consultation over the past month.

“We’re very pleased to see continued investment in this approved transmission project. It will help move renewable electricity generation in the lower South Island north during high inflow events and redirect hydro generation if the Tiwai Point smelter closes or curtails its operations, while enabling further medium-term investment in renewable energy projects in the lower South Island,” he said.

“The CUWLP work will also form an important part of Transpower’s broader infrastructure investment programme outlined in its Whakamana i Te Mauri Hiko – Empowering our Energy Future report. We see early investment in the transmission network playing a key role in accelerating electrification, accelerating renewable projects and stimulating both the economy and employment across the country in the coming years.”

In December 2019, Contact Energy and Meridian Energy put forward up to $5 million each to allow enabling works to commence early. Transpower has advised that the work is now likely to be completed by winter 2023. 

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

U.S. Added 4.8 Million Jobs in June as Reopened Businesses Rehired
Auditors have a duty to be alert to fraud
Strong sales recovery but uncertainty remains over economic outlook and potential second wave of COVID-19
Auditors keep falling into the same trap
The great interruption continues
Napier Port Welcomes Inland Port Funding
Auckland Airport provides details of Other Significant Items expected to impact 2020 financial results and an update on further organisational change
Commercial Bay Tower fire
Industre Property Joint Venture Commences
AFT Pharmaceuticals Share Purchase Plan Oversubscribed

IRG See IRG research reports