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:

Napier Port Holdings Limited (NZX: NPH) 2021 Earnings Guidance Update
Comvita Limited (NZX: CVT) Full Year Guidance Update
Scott Technology Limited (NZX: SCT) Meat Industry Contract Win
PaySauce Limited (NZX: PYS) Quarterly Market Update
NZ Windfarms Limited (NZX: NWF) Agrees a New VVFPA for Q1 2022 to Q3 2022
Harmoney Corp Limited (NZX: HMY) 3Q21 Trading Update
Pacific Edge Limited (NZX: PEB) United Healthcare Issues Positive Coverage Cxbladder
Scott Technology Limited (NZX: SCT) 2021 Half Year Announcement
NZX Limited (NZX: NZX) Appoints Specialist Global Expert to Tech Committee
AFT Pharmaceuticals Limited (NZX: AFT) Secures New Partners in Poland and Greece