Scoop has an Ethical Paywall
Tranz Rail and Genesis look to sign off deal
Tranz Rail and Genesis look to sign off deal
Auckland, New Zealand-Tranz Rail Holdings Limited {NZX: TRH}
Tranz Rail and Genesis Power today confirmed they are in talks to move imported coal to the Huntly Power Station from the Port of Tauranga. The proposal would involve the transport of up to one million tonne of coal annually.
Tranz Rail Managing Director Michael Beard says the arrangement would result in two trains leaving daily from Tauranga, carrying 1500 tonne of coal each.
"It is a significant development and we welcome this opportunity to form a long term relationship with Genesis. Design of the rail loading facility at Port of Tauranga and unloader at Huntly Power Station is well advanced."
Genesis Chief Executive Murray Jackson says rail offers the perfect option to move such a large tonnage and provides flexibility and competitive pricing for Huntly over the long term.
It is
expected that a Heads of Agreement will be signed within the
next two weeks and the operation would see coal moving from
Tauranga to Huntly from July 2004.
Great Journeys New Zealand: Travel Down Memory Lane With The Return Of The Southerner
WorkSafe NZ: Overhead Power Lines Spark Safety Call
Transpower: Transpower Seeks Feedback On Electricity Investment Short-list For Upper South Island
Commerce Commission: “Cheating The System” – Sentencing In Country’s First Criminal Cartel Case
Kiwi Economics: The Government’s Books Are Hard To Balance. Lower Productivity, Lower Tax, Higher Spend
Watercare: Watercare’s $13.2 Million Solution To Lift Long-term No-swim Warning At Judges Bay
