The Government can sell 49 percent of its shares in Might River Power – but it’s got another battle to fight before it can guarantee the river flows that spin the turbines and generate value for its power generator share buyers, consumers, and taxpayers.
Last week, the Supreme Court rejected claims that the Government’s plan to sell shares in Mighty River Power would impair its ability to address Treaty of Waitangi breaches in respect of Maori interests in the Waikato river. The Court’s decision clears the way not only for the Mighty River Power share sale, but also similar sales planned for Meridian Energy and Genesis Energy .
