By Phil Boeyen, ShareChat Business News Editor
Thursday 7th September 2000
|Text too small?|
The government and Contact have signed a deed which formalises their joint contributions to help build flood barriers to protect the main parts of Alexandra. The deed also provides for the purchase of certain flood prone properties, or of easements over properties where flood protection works are not practical.
In a joint statement Contact boss Paul Anthony, deputy PM Jim Anderton and Civil Defence Minister George Hawkins say the plan will help people who were seriously affected by the major floods in 1995 and 1999, and will provide greater flood protection for the town.
"We are pleased to be able to provide this assistance to the people of Alexandra. The package is designed to provide Alexandra with a high standard of flood protection for the future, and will also offer help to those who were most seriously affected by past flooding," Mr Anthony and the Ministers said.
Mr Anthony says Contact, as the operator of the local Clyde and Roxburgh dams, was a part of the local community, and the action shows it takes its community responsibilities seriously.
The energy company's attitude has earned a pat on the back from the government, which says Contact could have taken a hard line approach, but hasn't.
No comments yet
UPDATE Contact increases dividend as FY earnings rise; quits wind projects
Contact increases dividend as FY earnings rise in competitive market
Contact shares drop to 2-month low, says 'hard to see' investment under Labour-Greens plan
Contact Energy, parent Origin mull redemption of $2.03 bln of notes after S and P change
Solid first half for Contact, despite retail margins squeeze
Contact sells mothballed New Plymouth power station for $24 mln
Contact Energy's King hints at greater returns as cash mounts
Contact energy beats FY profit forecast as revenue surges
Elliott leaving Contact for Origin role
Contact sees 2014 cash-flow boost as projects put on ice