Update on Clutha Upper Waitaki Lines Project
1 July 2020
Media release
Update on Clutha Upper Waitaki Lines Project
Contact Energy CEO Mike Fuge said the company was “very pleased” that Transpower New
Zealand was continuing with the remainder of the Clutha Upper Waitaki Lines Project
(“CUWLP”) following consultation over the past month.
“We’re very pleased to see continued investment in this approved transmission project. It will
help move renewable electricity generation in the lower South Island north during high inflow
events and redirect hydro generation if the Tiwai Point smelter closes or curtails its
operations, while enabling further medium-term investment in renewable energy projects in
the lower South Island,” he said.
“The CUWLP work will also form an important part of Transpower’s broader infrastructure
investment programme outlined in its Whakamana i Te Mauri Hiko – Empowering our
Energy Future report. We see early investment in the transmission network playing a key
role in accelerating electrification, accelerating renewable projects and stimulating both the
economy and employment across the country in the coming years.”
In December 2019, Contact Energy and Meridian Energy put forward up to $5 million each
to allow enabling works to commence early. Transpower has advised that the work is now
likely to be completed by winter 2023.
-ends-
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Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
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