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21 Jun 2024 3:16
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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
     20 Jun: A need to start thinking ahead now New Zealand's out of a technical recession
     20 Jun: Thousands of homes and businesses in Northland are without power following this morning's heavy rain
     20 Jun: Banks are split over what today's GDP figures will show
     20 Jun: Nuclear won't make power bills cheaper, energy analyst says, as Coalition claims scrutinised
     20 Jun: A 26-year-old woman's due in court after a reported assault a business on Wellington's Courtenay Place early this morning
     19 Jun: Australia announces new initiatives to help improve PNG's internal security, law and justice as part of major bilateral security agreement
     19 Jun: A tough day for Christchurch sailing fans, who've watched Sail GP in Lyttelton for the past two years
     Top Stories

    RUGBY RUGBY
    New Zealand women's sevens skipper Sarah Hirini says there was no way she wasn't going to give her all to get to this year's Olympics More...

    BUSINESS BUSINESS
    A need to start thinking ahead now New Zealand's out of a technical recession More...


     Today's News

    		 Cricket:
    Cricketing statesman Kane Williamson has shouldered arms to the task of finding a lasting peace between T20 franchise leagues and international schedules 21:57

     Entertainment:
    French acting icon Anouk Aimée has been hailed as "timeless" and a "beautiful person" after her death aged 92 21:46

     Politics:
    Former Health New Zealand Chair Rob Campbell is backing a petition for an independent Patient Safety Commissioner 21:17

     Entertainment:
    Jennifer Esposito's career was nearly cut short by a "Harvey Weinstein-esque person" 21:16

     Living & Travel:
    Families of victims killed in Boeing 737 MAX crashes seek $37 billion fine 21:07

     Entertainment:
    Usher's 2024 Super Bowl halftime show was one of the "hardest 15 minutes" of his life 20:46

     Entertainment:
    Ashley Benson wants body-shaming trolls to stop accusing her of taking Ozempic 20:16

     Entertainment:
    Daniel Radcliffe would only encourage his son to be an actor if he could do it without being "famous" 19:46

     Entertainment:
    Denzel Washington wanted to "protect" Whitney Houston when he worked with her on 'The Preacher's Wife' 19:16

     Environment:
    A dark night's ahead for the third of Northland still without power tonight 18:57

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