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http://www.scoop.co.nz/stories/PA1308/S00139.htm
National adds another $30 million to asset sales bill
Thursday, 8 August 2013, 10:38 am
Press Release: Green Party
8 August 2013
National adds another $30 million to
asset sales bill
National has forked over $30
million of public money to Rio Tinto to clear the way for
its plan to sell down more public electricity assets, Green
Party Co-leader Dr Russel Norman said today.
The National
Government has announced today that it will pay Rio Tinto
$30 million as part of the re-negotiation of the electricity
contract between Meridian Energy and Rio Tinto for the Tiwai
Point Aluminium smelter. Rio Tinto sought re-negotiation of
its electricity contract with Meridian after the National
Government announced its plan to sell shares in the
publicly-owned power companies. The uncertainty over the
future of the Tiwai Point smelter contract was a serious
roadblock to the privatisation agenda.
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