Securing New Zealand’s energy future

The Government has assured the power companies in which it is a majority shareholder that capital is available to support investment in critical electricity infrastructure.

“Reliable and affordable energy is key to New Zealand’s prosperity,” Finance Minister Nicola Willis says.

“Energy powers every part of our economy, from households to high-value industries, and will increasingly determine our ability to compete in the global economy.

“Therefore, I have written to the Crown’s Mixed Ownership Model (MOM) companies (Genesis, Mercury and Meridian) to say that the Crown is prepared to support capital funding requests for strategic and commercially rational investments that support energy security.

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