Friday 13th May 2011 |
Text too small? |
Meridian Energy said a water management agreement with Genesis Energy will ensure water is managed appropriately as the sale of its Tekapo A and B power stations to Genesis proceeds.
The sale is part of an industry restructuring announced by the Government last year which was confirmed today.
Tekapo A and B are the first two of eight hydro power stations in the Waitaki Power Scheme. Meridian will continue to own and operate the remaining six power stations located from Lake Pukaki to Waitaki.
The two state-owned companies will work to a water management agreement that runs to 2025 which allows both of them to use the water flowing through the interconnected lakes and canals to generate electricity. Guidelines cover the management of high or low inflows, and ensure that water will still be available to other users.
NZPA
No comments yet
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update
BGI - Director Michael Chai
RAD - Final Dividend and Strong FY24 Operating Performance
RYM - Group CEO Update