Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Minister On Meridian Energy's Australian Purchase

23 April 2001 Media Statement

Minister welcomes Meridian Energy's Australian purchase

The Minister for State Owned Enterprises Mark Burton has welcomed the successful bid by Meridian Energy for hydro generation assets in Australia.

"Shareholding Ministers fully support this growth initiative by Meridian Energy," Mark Burton said.

"Pursing legitimate business proposals is one of the principal functions of an SOE in order to add and consolidate shareholder value. This can include appropriate offshore investments, as long as they don't detract from the core business of the company.

"Shareholding ministers carefully consider all such proposals on a case by case basis," Mark Burton said.

"In this case, we believe the Australian investment fits well with the company's core business and expertise. While significant, at a cost of just over $100 million, it is relatively modest when compared with the $1 billion Lower Waitaki project in the South Island being investigated by Meridian Energy.

"The Government has a policy of retaining and growing SOEs, for the benefit of New Zealanders. The strategic direction being followed by the Board and management of Meridian Energy reflects well this policy," Mark Burton said.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>

 

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels