Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Ngati Tuwharetoa Responds to Mighty River Offer Document

Ngati Tuwharetoa Responds to Mighty River Power Share Offer Document

The Tūwharetoa Māori Trust Board today responded to enquiries following the release of the Government’s Share Offer Document for the sale of up to 49 percent of energy provider Mighty River Power (MRP).

The Chairman of the Trust Board, John Bishara, said that the Trust Board was proactively working to resolve the matter of water storage on Trust Board property (Lake Taupo and the Upper Waikato River) with MRP.

The Tūwharetoa Maori Trust Board is the legal owner of Lake Taupo and the 2007 Deed between the Crown and the Board provides Tūwharetoa with the legal right to charge commercial users, such as MRP, a fee for use of its private property. Mr Bishara reiterated that “Lake Taupo is a taonga to Ngāti Tūwharetoa and has provided for our people over many generations.”

Mr Bishara said the Board and the Paramount Chief of Ngati Tūwharetoa, Te Ariki Sir Tumu te Heuheu, fully support efforts to have this matter resolved at the earliest opportunity to ensure certainty and security for all parties involved, including those New Zealanders considering investing in MRP shares. "We have a longstanding relationship with MRP and we value that relationship,” said Mr Bishara.

Tūwharetoa Māori Trust Board Chief Executive Tamarapa Lloyd said that the discussions with MRP executives has been positive to date and would continue over the coming weeks. “The prospectus is correct. We are discussing an operating easement over Lake Taupo – MRP has easements over other water bodies but not Lake Taupo.”

Tūwharetoa and MRP have maintained a positive relationship with each other over the years, as well as during ongoing discussions over storage of “fuel for Mighty River Power’s commercial business”, and this good-faith should be able to bring about resolution for the benefit of future investors and the enhancement of the Waikato Hydro Scheme, Mr Lloyd said. “I’d like to acknowledge the level of commitment MRP have shown to resolving this matter during a particularly busy time for the company,” he added.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Schools: Achievement-Based Funding Would Be A Disaster

The Education Minister’s speech to the PPTA Conference raising the spectre of achievement data driving a new funding system would be disastrous, says NZEI Te Riu Roa. More>>

  • Video Out-Link - PPTA Annual Conference 2015 on Livestream (Q+A dicussion suggests funding would be directed to less successful schools.)

  • ALSO:

    ECE Report:

    Key In NY: Prime Minister Addresses United Nations

    Prime Minister John Key has addressed the United Nations General Assembly in New York, focusing on a call for action in Syria and on other conflicts, reform of the veto process and on the UN’s Sustainable Development Goals. More>>.


    Gordon Campbell: On The Lack Of Accountability Over Philip Smith

    In New Zealand, accountability is an exotic creature rarely glimpsed at ministerial level, or among senior management. The flight to Rio by the paedophile /murderer Philip John Smith/Traynor is no exception. More>>


    More On Corrections

    Gordon Campbell: On Putin’s Diplomatic Coup Over Syria

    There’s a simple historical precedent for what is occurring in Syria. During WWII, the Allies joined forces with a known butcher and tyrant – Joseph Stalin of the Soviet Union – in order to defeat a greater evil, Nazi Germany… More>>


    Key 'Didn't Know': Brownlee Seeks Pandas In China

    While Defence Minister Gerry Brownlee is in China pushing a taxpayer funded deal to bring two pandas to New Zealand, the country’s military look set to be hit with a pay freeze, Opposition Leader Andrew Little says. More>>


    Scoop Business: GCSB Willing To Extend Cyber-Attack Programme To Local ISPs

    The Government Communications Security Bureau’s ‘Cortex’ cyber-security programme has been successful in helping identify and mitigate a series of cyber attacks since its introduction and an extension to cover local internet service providers is still on the cards... More>>


    Get More From Scoop



    Search Scoop  
    Powered by Vodafone
    NZ independent news