Sharechat Logo

Transpower transmission work on Clutha-Upper Waitaki Line Project set to be delayed

Monday 4th May 2020

Text too small?

National grid operator Transpower has advised that it will not be funding work to accelerate the Clutha-Upper Waitaki Lines Project (‘CUWLP’) transmission build in the lower South Island beyond the $10m committed by Contact and Meridian Energy in December 2019.

This means the CUWLP work programme is unlikely to be completed by the targeted commissioning date of June 2022, unless Contact and Meridian Energy contribute additional funding or the tenure of the Tiwai Point aluminium smelter is clarified.

Contact CEO Mike Fuge said the company’s commitment to helping accelerate the CUWLP work programme was unchanged, but Contact would not be making an additional financial contribution.

“We’ll continue to work with Transpower to see whether aspects of the CUWLP work programme can be optimised to mitigate delays from the recent COVID-19 restrictions. The goal is still to help move renewable electricity generation in the lower South Island north as soon as possible if the smelter closes or curtails its operations.”

About Contact Energy

Contact (contact.co.nz ) is one of New Zealand’s largest energy retailers and generators. We’re committed to a sustainable, low carbon energy future for New Zealand. We balance our commitment to lowering carbon emissions and producing renewable energy, with maintaining reliable access to energy for our customers. We generate electricity from hydro, geothermal and gas and have one of the most flexible generation portfolios in the country.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
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:

Kathmandu Holdings Limited announces Annual Report 2020
Genesis Energy announced its FY21 Q1 Performance Report
Vector announces its operational performance for the 3 months
Abano Scheme Meeting Materials
Westpac and Afterpay announce partnership
NWF agrees a new Variable Volume Fixed Price Agreement
Takeovers Panel states no objection to Metlifecare scheme
Sichuan Province Trial Confirms Truscreen Technology
PEB Announces Executive Team Changes to Support Growth
Sylvia Park opens the doors on its new Level 1 expansion

IRG See IRG research reports