Parliament

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

 

Leak Reveals National Plans to Privatise Transpower

Leak Reveals National Plans to Privatise Transpower

NZ First says a leaked January 2017 presentation to Transpower by Swiss Investment Bankers UBS reveals the National Government intends to privatise the National Grid.

“We have evidence National is lining Transpower up for privatisation in 2018 if given half a chance,” says New Zealand First Leader and Member of Parliament for Northland, Rt Hon Winston Peters

“A leaked UBS presentation to Transpower scopes the market, investor appetite and even suggests how stakeholder concerns could be managed. UBS has form with Transpower, having arranged for Transpower a Cayman’s Island based financing deal which only ended in recent years.

“Kiws are being seriously conned. Sir John Key promised “no more asset sales after Genesis” while Bill English told media in November 2013 that everything which could be sold had been. Even Mr Joyce said in November 2013 "we will be transparent" about resuming asset sales.

“National simply can’t be trusted.

“What else do you expect from Mr English’s best mate and Transpower chairperson, the Hon Tony Ryall? As National’s Prince of Privatisation, Mr Ryall is proud to have “privatised or partially privatised $7.7 billion worth of assets” with Mr English.

“Mr Ryall was appointed to the Transpower Board against Treasury advice last year but then was fast tracked into the chair’s seat. Is it any wonder the leaked UBS document does not ask “if” Transpower will be sold “but form of interest to sell”.

“An ‘asset sales’ slush fund is proposed for the $2bn plus that this could net and UBS say it could happen “As early as August 2017” but “likely in 2018 and beyond”.

“Funnily enough we cannot find a single mention of this on National’s website. What else is on National’s secret 2018 chopping block, if New Zealanders ignore this deceit?,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On What Triggered The Carnage In Gaza

At last count, 195 Palestinians have reportedly died in the latest round of violence, 55 of them children. Roughly ten times that number have been wounded, and thousands made homeless. On the Israeli side, 8 people have died from rockets fired from Gaza. The imbalance in casualties reflects the vast gap in weaponry between the two sides. The Israelis are carrying out air strikes with impunity on densely populated civilian neighbourhoods... More>>

 

Budget 2021: Boosts Carbon Neutral Government Commitment

· Budget 2021 delivers $67.4 million to support the transition to a carbon neutral public sector by 2025 · State Sector Decarbonisation Fund receives significant boost to support more schools, hospitals and other government organisations to replace ... More>>

Government: To Rev Up Reductions In Transport Emissions

The Government is calling for feedback on a range of potential policies to eliminate emissions in the transport sector. Transport Minister Michael Wood today released Hīkina te Kohupara – Kia mauri ora ai te iwi - Transport Emissions: Pathways to ... More>>

KiwiSaver: Default Provider Scheme Improvements Slash Fees, Boosts Savings

Hundreds of thousands of New Zealanders will be significantly better off in retirement following changes to the default KiwiSaver scheme, Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark said today. More>>

ALSO:

Child Poverty: Reports Highlight Need For Ongoing Action

The Government has released the first Annual Report for the Child and Youth Wellbeing Strategy and the second Child Poverty Related Indicators (CPRI) Report, both of which highlight improvements in the lives of children as a result of actions of the Government, ... More>>

ALSO:

PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels