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

 

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Oil: 2017 Block Offer Petroleum Tender Launched

New Zealand is well-placed to take advantage of the economic benefits of oil and gas exploration, Energy and Resources Minister Judith Collins announced today at the launch of the 2017 Block Offer petroleum tender. More>>

ALSO:

OECD And Zero Carbon Reports: Environmental Pressures Rising In New Zealand

New Zealanders enjoy a high environmental quality of life and access to pristine wilderness. However, New Zealand’s growth model, based largely on exploiting natural resources, is starting to show its environmental limits with increasing greenhouse gas emissions and water pollution ... More>>

ALSO:

Statistics: Record Net Annual Migration Levels Continue

In the February 2017 year, 71,300 more migrants arrived in New Zealand than left, Stats NZ said today. This equalled the previous annual record set in January 2017. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news