Tiwai Point power talks continue

Last updated 14:43 24/07/2013

Related Links

Uncertain future for Tiwai Point Smelter

Relevant offers

Industries

Auckland Airport executives quit following strategic review NZ unemployment worsens to 5.9 per cent, wages stay low Waikato-Tainui estate set to increase with part-sale of The Base More than 14,000 construction jobs could disappear in Canterbury: Westpac Emergency services unsure how to cope with loss of paging network Stanaway real estate ruled 'negligent' in botched $6m mansion sale Online 'directory' scamming small businesses, Commerce Commission warns Origin Energy's sale of 53pc stake good for Contact: analyst QV figures show house values rising at fastest rate since 2007 West Coast awaits decision on Solid Energy's future

State-owned power company Meridian Energy says talks are "ongoing" on renegotiating a power contract with the Tiwai Point aluminium smelter.

Media reports today suggested that a new deal was all but signed. That would help clear the way for the Government's partial privatisation of Meridian this year.

But Meridian said power contract talks continued, about a year after they started.

"They are ongoing but we are unable to say anything else until there is some resolution," a Meridian spokeswoman said.

The talks remained confidential, and the spokeswoman would not even say whether discussions were being held in Wellington.

The "robust" negotiations had not continued constantly for the past year.

"It is a big contract and a very complicated one," she said.

There was no prospect of a press conference soon "because there's nothing to tell you", she said.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content