ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Genesis set to speed up infrastructure projects following $200m boost

Author
Newstalk ZB,
Publish Date
Mon, 23 Feb 2026, 5:49pm
Genesis plans to raise $400 million from the market. Photo / NZME
Genesis plans to raise $400 million from the market. Photo / NZME

Genesis set to speed up infrastructure projects following $200m boost

Author
Newstalk ZB,
Publish Date
Mon, 23 Feb 2026, 5:49pm

Genesis Energy says fresh Crown investment into the power generator will go towards building infrastructure. 

The Government's confirmed it will put up to $200 million dollars - letting it retain its 51 percent shareholding, as Genesis launches a capital raise.

Chief executive Malcolm Johns says the money will speed up its ability to build.

"We're gonna build some solar farms, some grid-scale batteries and some wind, and extend the life of Huntly Rankines."

LISTEN ABOVE

Take your Radio, Podcasts and Music with you