Power cash called
King Country Energy has had to make a call on its reserves twice in recent months to pay for major capital works. Just over $1 million was transferred in April and a further $500,000 transfer was approved at the May meeting of the board in Turangi for investment in projects that are expected to have a better rate of return than the bank. Much of the money has been required to fund the reticulation of the Turoa Skifield. The board was told capital line works, the Karioi power scheme investigations and the purchase of Turangi Appliances were also funded from capital.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/RUBUL19910604.2.38
Bibliographic details
Ngā taipitopito pukapuka
Ruapehu Bulletin, Volume 9, Issue 389, 4 June 1991, Page 9
Word count
Tapeke kupu
104Power cash called Ruapehu Bulletin, Volume 9, Issue 389, 4 June 1991, Page 9
Using this item
Te whakamahi i tēnei tūemi
Ruapehu Media Ltd is the copyright owner for the Ruapehu Bulletin. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ruapehu Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in