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

 


BCI Scheme Experiencing Significant Growth

BCI Scheme Experiencing Significant Growth

The Ashburton district will experience a significant burst of economic activity with the further expansion of the BCI irrigation scheme. A farmer capital raising process closed recently with applications for around 1500 litres per second of new irrigation water, an irrigable area of close to 3,500ha.

“The recent uptake of new water will see the scheme experience a fantastic 30% growth for the year” says General Manager John Wright.

The growth is assisted through the development of a new pipeline in the Valetta area which is being developed through an infrastructure sharing arrangement with Valetta Irrigation Limited. “The sharing arrangement is a great opportunity for Valetta Irrigation to get some value from overcapacity in their primary delivery pipeline from the RDR, and provides the BCI Scheme with a pragmatic delivery solution which ensures there is no duplication of irrigation infrastructure in the area” says Mr Wright.

Other areas to experience growth in the scheme are Ashburton Forks and Methven.

The BCI Scheme is a joint venture between farmer cooperative Barrhill Chertsey Irrigation Limited and local electricity lines cooperative EA Networks.

EA Networks and joint venture Chairman John Tavendale says “we are all excited by the recent growth in the irrigation scheme and the economic growth it will provide to the district. The joint venture development is a great example of how a high level of cooperation can benefit the whole community”.

The BCI Scheme has also been progressing with consents for the stage two development in the area between Barrhill and Chertsey. It is intended that a further capital raising prospectus for this project will be released over the next few months.

“The stage two project has the potential to fully utilise the remaining 1500 litres per second in the first tranche of water the joint venture planned to sell over the first five years of the development” says John Wright.

“There is a real opportunity to secure some of this highly reliable irrigation water in this area when the pipe network goes through.”

The expansion of the irrigation scheme has also been assisted through the granting of a Land Use consent by Environment Canterbury last year. The new consent allows the BCI Scheme to expand while managing nutrient losses to water through farm intensification on behalf of irrigator customers.

“Significant effort is going into the development of Farm Environment Plans and audit systems to ensure that all users of BCI Scheme water are proactively managing their farm intensification to minimise any negative impact on the environment” says Mr Wright.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news