Landowners hold up hydro plan
Thursday 18 November 2004
TrustPower's ambitions to build more electricity generation in Marlborough are facing significant hurdles but the company remains optimistic about its plans.
By The LandlordAbout 40 per cent of the 60-odd landowners from which it requires consent for its Wairau River hydroelectricity project remain opposed to the scheme, which would generate 415 gigawatt hours (GWh) of electricity annually.
Meanwhile, monitoring of a promising Seddon wind farm site the Tauranga-based company hoped could produce 270GWh of energy has shown it might not be as suitable for development as first thought.
TrustPower first announced plans for the $240 million canal-based hydroelectricity scheme last year and started seriously negotiating easement agreements with landowners in April this year.
Read More - Opens in a new window
Commenting is closed
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.