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Government to Invest $200M in Genesis Energy to Boost NZ Energy Security

2 hours ago | 51 views

The Government will invest up to $200 million in new Genesis Energy shares to support secure, affordable energy and maintain a 51% Crown ownership. This investment aims to enhance energy security by enabling Genesis to increase flexible capacity and strengthen the long-term value of the state-owned asset. It is part of a broader Government initiative to improve energy reliability and reduce living costs for New Zealanders.

Tags: Nicola Willis Simeon Brown Simon Watts Genesis Energy Government Finance Minister State Owned Enterprises Minister Energy Minister New Zealand Crown investment