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

 


TrustPower exit creates opportunity for farmer investors

Media Statement

25 March 2014 – for immediate release

TrustPower exit creates opportunity for farmer investors

Farmers and businesses in the Hawkes Bay need to act quickly to fill the investment gap opportunity left by TrustPower’s exit from the Ruataniwha Water Storage Scheme.

“There’s a wonderful opportunity here for Central Hawkes Bay farmers and businesses to get behind the dam to make it work. The Central Hawkes Bay community is now able to be a significant investment partner and take ownership of this project to really drive it forward,” says IrrigationNZ CEO Andrew Curtis.

While some parties may naively present TrustPower’s withdrawal in a negative light, Mr Curtis says it was very common for irrigation schemes to have changing investment partners in the development stage and that TrustPower had only signed a memorandum of understanding.

“The benefit is that the withdrawal allows more local farmers and businesses to buy into the scheme and we know from history that local people driving local solutions always turn out to be the best for the community in the long run,” says Mr Curtis.

“The Hawkes Bay really needs this scheme to proceed as there’s nothing else of significance on the table that would have the ability to reinvigorate the Central Hawke’s Bay economy, create jobs and generate new business opportunities. You only need to look at the looming drought in the Waikato and Northland to see how the provinces suffer when rainfall is low in consecutive years. This is why it is so important to have the right irrigation infrastructure in place to mitigate environmental impacts. The flow-on effects are felt by everybody, not just those working in agriculture.”

“The Ruataniwha scheme is exactly the sort of irrigation scheme New Zealand needs to bring new life to regions like the Hawkes Bay, allowing many of its rural towns to thrive again,” says Mr Curtis.

“IrrigationNZ encourages all potential investors in the Ruataniwha scheme to come to our conference being held in Napier for the first time in just over a week’s time (7th-9th April). You’ll find out everything you need to know about the benefits of investing in water management and how other regions in New Zealand have progressed their water schemes. It couldn’t be timelier to bring an irrigation expo and global irrigation experts to the Hawkes Bay as we’ll be discussing Ruataniwha within a wider debate looking at the future of irrigation in New Zealand.”

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Planes: Jetstar Launches Regional Network

Jetstar, the Qantas Airways budget offshoot, launched its new regional network in New Zealand with special $9 one-way fares and has narrowed down its choices to five routes and four destinations - Nelson, Napier, New Plymouth, and Palmerston North. More>>

ALSO:

Fisheries: Report On Underrsize Snapper Catch

The report found that commercial fishers caught 144 tonnes of undersized snapper in the Snapper 1 area – about 3% of the total commercial catch – in the year ending February 2015. The area stretches from the top of the North Island to the Bay of Plenty and is one of New Zealand’s most important fisheries. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news