Art deco architecture timestamps the Karāpiro Power Station, reminding visitors it has helped supply electricity to the nation for more than 70 years. A $75 million investment from its current owner, Mercury Energy, for its refurbishment will ensure it can power along for another 70 years or more. Stepping inside the plant’s main building, there are still remnants of its art deco origins. The symmetrical patterns of the ceiling light system in the main control room, created many years in the past, still manage to create a distinctive, futuristic feel.
Tom Lee/Stuff
Mercury Energy’s Magnus Adlam, senior production technician.
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New Zealand equities were in the red yesterday with the S&P/NZX 50 closing to 12,428.1 points, down 1.1 per cent.
Sector gains were slim, with Consumer Cyclicals and Healthcare each leading the way, up 0.4 and 0.1 per cent respectively.
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These sector gains were well supported by the single stock winner NZX Ltd, as the company representing New Zealand s largest exchange traded up 1.5 per cent. Furthermore, building and supply company Fletcher Building Ltd also advanced a handsome 1.1 per cent.
Lake Onslow would be a hydropower project like no other in New Zealand. An earth dam stretching one or two kilometres would be built to a seal off a natural rock basin 700 metres above sea level, which would be filled with pumped water from Lake Roxburgh to create a larger artificial lake. Depending on its final dimensions, the hydro scheme would be capable of storing between 5 and 8 terawatt-hours of electricity in the form of water, effectively acting as a giant battery back-up for the country’s power supply.
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Energy Minister Megan Woods told Parliament last month she was taking the situation in the electricity market very seriously.
Photo: RNZ / Nate McKinnon
Stew Hamilton has been with the smelter s majority owner Rio Tinto for 22 years, and took over as chief executive of NZ Aluminium Smelters in 2018.
He will leave in July to become general manager of generation at Mercury Energy. The smelter has been going through a very public period of transition, and Stew s commitment and leadership has been hugely valued throughout this time, said Rio Tinto acting managing director of Pacific operations Daniel van der Westhuizen.
The smelter was due to shut this year, but was given a lifeline until at least 2024 after it reached a new power deal with its power suppliers.