23 May 2012

Lake Guardians fear asset sales

3:18 pm on 23 May 2012

The Guardians of the Manapouri and Te Anau lakes warn that the lakes will be put at risk if plans to partially-sell State energy companies proceed.

Spokesperson Alan Mark told Parliament's Finance and Expenditure Select Committee on Wednesday that a partially privatised company operating under the Companies Act is likely to operate in a different way.

He said they might not view the conservation value of the lakes in the same way as Meridian Energy.

Mr Mark said the Guardians have had a good relationship with Meridian to ensure the conservation values of the lakes are safeguarded.