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

 

Meridian welcomes planned HVDC link upgrade

Media Release
For immediate release: Friday 7 October 2005

Meridian welcomes planned HVDC link upgrade

Meridian Energy has welcomed the announcement by Transpower of a major upgrade to the HVDC power link between the North and South Islands.

Meridian Chief Executive Keith Turner says the upgrade of the 40-year-old technology is long overdue, and will give a much-needed boost to the capacity of the link.

“The success of our electricity market is dependent on having a robust and unconstrained national grid. The HVDC link is the backbone of the grid, and this project is an important step towards that objective. It will be of benefit to all electricity consumers in the country.”

Dr Turner says the upgrade is timely, given that Meridian is preparing to celebrate the 40th anniversary of the commissioning of the Benmore power station, which forms the southern terminus of the inter-island link.

“Being able to send cheaper South Island hydro power to the North Island is as vital to our electricity system now as it was back in the 1960s. And it’s also important to be able to carry North Island power south when we have low inflows into the hydro lakes – as we experienced as recently as 2001 and 2003.”

The $520 million upgrade will increase the capacity of the link from 1040 megawatts (MW) to 1400 MW. If the project is approved by the Electricity Commission, the new line could be complete by 2010.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MBIE: NZ space sector set to star in Moon mission
The New Zealand space sector is set to star in NASA’s CAPSTONE moon mission – with Rocket Lab launching a satellite to the Moon from New Zealand in June, and the lift-off of a separate NASA-NZ lunar research project... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>