Contact CEO: Onslow hanging over investment ‘like a bad smell’
Energy company takes a swipe at pumped hydro mega-project at AGM.
Lake Onslow in Central Otago, proposed site for the pumped hydro storage scheme.
Government interest in the Lake Onslow pumped hydro mega-project was public enemy number one at the Contact Energy annual meeting, with both chair Rob McDonald and chief executive Mike Fuge taking the opportunity to attack its likely impact on the power market.
“Onslow is a high risk and expensive
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