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11 Nov 2024 7:04
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      Home > News > Business

    A 20-year deal with Southland's Tiwai Aluminium Smelter could be good news for mum and dad investors

    A 20-year deal with Southland's Tiwai Aluminium Smelter could be good news for mum and dad investors


    The agreement signed by Meridian, Mercury, Contact Energy and New Zealand Aluminium Smelters agrees to make electricity available to the country during high demand.

    It follows 18 months of negotiations.

    JMI Wealth director Andrew Kelleher says it's very good for anyone with shares in electricity retailers.

    He says they can now invest in new generation capacity with more confidence.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     08 Nov: New Zealand's economic downturn has eaten into the Warehouse's revenue -- with the Big Red Shed taking an almost 17 million dollar hit in sales
     08 Nov: Jamie Wilson linked arms with politicians and celebrities, but behind closed doors a business was marred with problems
     08 Nov: New Zealand's largest bank, ANZ, is reporting a small rise in net profit
     08 Nov: Concerns contract issues are stifling competition in the electricity sector
     08 Nov: The US Federal Reserve has cut interest rates by a quarter of a percentage point
     Top Stories

    RUGBY RUGBY
    Some selection food for thought for All Blacks coach Scott Robertson ahead of the final two tests of the year More...

    BUSINESS BUSINESS
    There's looks to be sunny days ahead for farmers More...


     Today's News

    		 Law and Order:
    Dozens of people have been arrested, during the Mongols' fifth anniversary event in Christchurch 6:17

     Politics:
    The Government's getting a move on with its anti-stalking legislation 5:37

     Law and Order:
    Police are continuing to look into the death of a man in central Auckland a week ago 5:17

     Education:
    Donald Trump beats Kamala Harris to win Arizona, final state to be called in US presidential election 21:07

     Basketball:
    The Cleveland Cavaliers have now gone 11 games unbeaten to start basketball's NBA season, downing the Brooklyn Nets 105-100 in Ohio 18:57

     Soccer:
    The Wellington Phoenix will remain true to their DNA in this evening's contest against the Central Coast Mariners in Gosford 18:37

     Education:
    The latest in US politics, from swing state results to who is in (and out) of Trump's team 18:17

     Cricket:
    Nathan McSweeney has received a maiden test call-up to open the batting for Australia in the upcoming series against India starting in Perth 18:07

     Netball:
    The Fast5 Ferns have edged England 32-28 in their opening match of the second and final day of the Fast5 Netball World Series in Christchurch 17:47

     Rugby League:
    Kiwis interchange forward Griffin Neame is soaking in the final moments of halfback Shaun Johnson's rugby league career ahead of tonight's Pacific Championships promotion-relegation game against Papua New Guinea in Sydney 17:37

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