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Three Waters reform could see privatisation of assets, higher bills, says Auckland Mayor Phil Goff


Three Waters reform could see privatisation of assets, higher bills, says Auckland Mayor Phil Goff
16 May, 2021 05:00 PM
4 minutes to read
Auckland s water assets could be privatised as a result of Labour s water reforms, says Phil goff. Photo / Dean Purcell
Auckland s water assets could be privatised as a result of Labour s water reforms, says Phil goff. Photo / Dean Purcell
The Labour Government is opening the door to the privatisation of $10 billion of water assets in Auckland, says the party s former leader and Auckland Mayor Phil Goff.
He is concerned the Government s Three Waters
Reforms will remove water assets from council control and allow a subsequent government to privatise them. ....

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Nuclear Power Corp to spend Rs 18,000 cr on capital expenditure in FY22


Atomic power generation company Nuclear Power Corporation of India Ltd (NPCIL) plans to spend about Rs 18,000 crore as capital expenditure this fiscal, said top company official.
He also said the first pour of concrete for the construction of two more 1,000 MW units (Units 5 and 6) at Kudankulam is expected to happen this year and the 700 MW unit at Kakrapar Atomic Power Station (KAPS) will begin commercial generation in September 2021.
This fiscal we will be spending about Rs 18,000 crore as capital expenditure on our ongoing projects. The funding will be through a mix of internal accruals, central government budgetary support and long term borrowings. The first two will be about 30 per cent and the borrowings will be about 70 per cent of the project cost, S.K. Sharma, Chairman & Managing Director told IANS. ....

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