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"Intent is good": Govt's energy plan gives sector confidence to invest

Author
Newstalk ZB,
Publish Date
Thu, 2 Oct 2025, 7:50am
Mercury's Turitea South wind farm near Palmerston North. Photo / File
Mercury's Turitea South wind farm near Palmerston North. Photo / File

"Intent is good": Govt's energy plan gives sector confidence to invest

Author
Newstalk ZB,
Publish Date
Thu, 2 Oct 2025, 7:50am

Mercury Energy says the Government's new energy plan gives it confidence to keep investing in projects. 

It's offering Crown-controlled companies more capital to invest in generation projects, establishing a Liquefied Natural Gas import facility, and giving the Electricity Authority greater power. 

CEO Stew Hamilton told Mike Hosking businesses now have some form of clarity. 

He says it allows them to keep building at pace, adding they're on the right track, as more power projects have been delivered in the last 18 months than the past 15 years. 

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