Business · NZ · 13:47

Meridian Energy to invest up to $510m upgrading Waitaki Power Station

NZ Herald · Business

Published 30 Sep 2026, 13:47 NZDT · Updated 30 Sep 2026, 20:00 NZDT

• Meridian Energy will spend $440-$510 million over 10 years upgrading the 92-year-old Waitaki Power Station.
• The project will increase the station's capacity from 105 megawatts to 120 megawatts by replacing all seven turbines and generators.
• The accounting treatment spreads repowering costs over the asset's expected 50-year useful life for dividend policy calculations.