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


Ruataniwha Scheme sold to Central Hawke’s Bay water company

2 July 2018

Ruataniwha Scheme sold to new Central Hawke’s Bay water company

Hawke’s Bay Regional Council has approved and completed the sale of the Ruataniwha Water Storage Scheme intellectual property and assets.

Newly formed company Water Holdings CHB Limited, from Central Hawke’s Bay, has purchased the rights to the Ruataniwha scheme for $100,000. The sale follows a process which publically called for expressions of interest.

The Ruataniwha Scheme stalled following a Supreme Court decision not to permit the exchange of land needed for the dam footprint. Following this, the Regional Council decided not to invest further, and subsequently wrote down the value of its investment, recognising the impediments to the Scheme’s viability.

Regional Council Chair Rex Graham says, “It’s been a difficult road. We made a public decision not to invest further in the Scheme, and to sell the assets and IP. We have now finished that process and this transfer of ownership will support the Central Hawke’s Bay community to explore water storage solutions in the district.”

Water Holdings director Gavin Streeter says, “Central Hawke’s Bay has been talking about water storage for some time. As a group we are committed to acting on behalf of and in the best interests of the Central Hawke’s Bay community to explore and implement projects that support and enhance water storage opportunities for the social, economic, and environmental benefit of our residents”.

“Environmentally sustainable water storage is a challenge that needs to be solved. The ownership of the IP in Central Hawke’s Bay gives us as a community an opportunity to own the assets and puts us in a position to develop potential solutions,” adds Mr Streeter.

Central Hawke’s Bay Mayor Alex Walker says, “I am thrilled that ownership of these consents and IP now resides in CHB. Congratulations to Gavin and his team of supporters for their commitment and leadership. It is great to know that water storage can now be considered in the toolkit for the future of water in CHB.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Geothermal: World-Leading Silica Extraction Project

Geo40, in cooperation with Contact Energy and the Ngati Tahu Tribal Lands Trust, is this month set to start commercially extracting silica from geothermal fluid as part of a world-leading sustainable energy partnership. More>>

Electrical Vehicles: New Database of Charging Stations

EVRoam, a real-time database of public charging infrastructure, provides one view of a safe, reliable and interoperable public charging network for electric vehicles in New Zealand. More>>


FMA Mulls Legal Action: Customers Not Focus At Insurers

Most firms had processes in place to identify when a customer was being advised to replace life or health insurance... Generally, these processes seemed oriented towards reducing firms’ legal risk, rather than to identifying and mitigating risks for customers. More>>


Brands Sale To RJ's: Nestle Job Losses “A Bolt From The Blue”

E tū has about 200 members at the plant, where up to 55 workers could lose their jobs... Well-known Kiwi brands affected by the sale include Mackintosh’s, Heards, Black Knight liquorice, Life Savers and Oddfellows. More>>


'Sanctuaries': New Seabed Mining Project Threatens Endangered Species

Greenpeace is shocked to discover that a new seabed mining exploration permit has been awarded inside a Marine Mammal Sanctuary, and is calling on the Government to reject all attempts to mine the seabed. More>>