Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Meridian backs improvements in national grid

Media Release For immediate release: Thursday August 28, 2003

Meridian Energy backs calls for improvements in national grid

Meridian Energy chief executive Keith Turner is adding his voice to calls for planning processes that would smooth the way for more investment in New Zealand¹s national grid.

Dr Turner¹s comments follow a statement by his Transpower counterpart Dr Ralph Craven, that mechanisms could be put in place to streamline planning processes to enable more investment in the national grid.

"The country has been served very well by the 220kv transmission system we have in place at the moment, but there has been no significant investment in that system for many years."

Dr Turner says recent events in North America have served as a reminder of what can happen when security of supply is threatened by failures in vital infrastructure.

"The New York blackout shows how critical a reliable electricity supply is to everyday life. It¹s clear that demands on that grid have grown rapidly, but there have been no improvements in infrastructure to meet them.

"As the events of autumn 2003 in this country have demonstrated, security of electricity supply is paramount for New Zealand.

"Electricity makes our lives safer, healthier and more convenient, and we cannot afford to have this threatened by a lack of investment in vital electricity infrastructure."

"We should not forget that several years ago, California was almost brought to a standstill because its planning processes had effectively cut off new investment. We would be foolish to let that happen here, and I am delighted to see that the management of Transpower are looking at ways in which planning processes in this country can be improved to expedite improvements in our national grid."

Dr Turner says streamlining of planning processes could be done without compromising the principles of the Resource Management Act.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news