22 Nov 2023

Transpower plans five billion dollar spend on network

From Morning Report, 6:40 am on 22 November 2023

The national grid operator is planning to spend nearly $5 billion on the network between 2025 and 2030.

The spend includes capital expenditure of $2.25 billion - 32 per cent higher than the current five-year period.

Another half-a-billion-dollars is earmarked for reliability, resilience, and enhancement.

The changes will add around $7 a month to the average power bill.

Transpower chief executive Alison Andrew spoke to Ingrid Hipkiss.