Our largest electricity gentailer is welcoming two major announcements for the energy sector

The Government's announced it's widening the scope of its 200-million dollar co-investment fund, to support a broader range of projects.

And the Commerce Commission has given final approval, for the big electricity gentailers, to build a coal stockpile at Genesis's Huntly Power Station.

Genesis Chief Executive Malcolm Johns says the generation units at Huntly will no longer be retired.

He says they give New Zealand another 10 years to solve the long term energy security issue.