Sharechat Logo

Transpower speeds upgrade work as infrastructure takes priority

By Pattrick Smellie

Thursday 12th February 2009

Text too small?
 Pattrick Smellie
Transpower will speed up 10 years' worth of small-scale maintenance and upgrades, the national grid's chief executive Patrick Strange announced today.

The decision reflects "major cost savings and synergies in doing the work as part of one programme," Stange said. The announcement will be seen as a part of a programme of prudent commitment to accelerate infrastructure spending to counter the economic recession, and follows this week's packaging by the Government of $483.7 million in education, state housing and roading projects.

The $50 million programme is in addition to more than $3.8 billion in grid reinforcement projects already under way, and will concentrate on tower maintenance, civil work and substation maintenance, much of it in rural New Zealand.

Large parts of Auckland were blacked out last week when a critical transformer failed during routine Transpower maintenance. On that occasion, Transpower had chosen to run the grid at a lower level of security than the operational standard, known as "n-1."

  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:

Spark New Zealand appoints new director to the Spark Board
AFT to announce full year results on May 23 2024
CRP - Korella North Takes Another Two Steps Forward
May 3rd Morning Report
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director