Articles tagged with Niffco
New Zealand Advances LNG Import Facility to Cut Power Bills and Boost Energy Security
2 weeks ago | 161 viewsNew Zealand’s Government is advancing plans for a liquefied natural gas (LNG) import facility to enhance energy security, reduce power bills by up to $800 million annually, and provide reliable backup during dry years when renewable sources underperform. This facility, expected to be operational by 2028, will not be funded by levies on power bills but through a fair model involving industry stakeholders, ensuring stable and affordable energy for households and businesses. The initiative addresses risks highlighted by recent energy shortages and price spikes, aiming to protect jobs, support economic growth, and secure the nation’s energy supply amid declining indigenous gas production.
Tags: Simeon Brown New Zealand Government LNG import facility Energy Minister Labour Government MBIE NIFFCO Electrify NZ New Zealand Aluminium Smelter Winter Energy Reliability ObligationUnlocking Capital: Government to Sell Chorus Securities for Infrastructure Investment
8 months ago | 805 viewsThe Government is considering selling its investment in Chorus to free up capital for more beneficial projects in New Zealand, following the completion of the Ultra-Fast Broadband initiative in 2022. Minister of Finance Nicola Willis highlights the need to redirect the capital into investments that will benefit New Zealanders, with Infrastructure Minister Chris Bishop aiming to expedite the sale to private investors by early 2026 to allocate the proceeds towards hospitals, schools, and roads in Budget 2026. NIFFCo will conduct due diligence on the securities, evaluate market interest, and provide recommendations on the optimal sales process, with a decision on the sale expected by the end of 2025 to ensure value-for-money expectations are met.
Tags: Government Chorus NIFFCo Nicola Willis Chris Bishop Treasury fiscal strategy economic growth New ZealandersTransforming New Zealand's Infrastructure: A Vision for Growth and Efficiency
10 months ago | 1927 viewsThe speaker expresses gratitude for the opportunity to attend Building Nations 2025 and acknowledges the need for improved infrastructure policy in New Zealand. As the Infrastructure Minister, the speaker highlights challenges in delivering and maintaining infrastructure, emphasizing the importance of efficient systems for economic growth and living standards. Key priorities include developing a National Infrastructure Plan, improving funding and financing, addressing road pricing reform, enhancing the consenting framework, and strengthening asset management and resilience to ensure a prosperous future for New Zealand.
Tags: Nick Leggett Infrastructure New Zealand Minister New Zealand National Infrastructure Plan NIFFCo Infrastructure Commission Building Nations RUC Resource Management Act