A positive financial result has gentailer Meridian thinking about infrastructure upgrades. 

It recorded a half year profit after tax of $227 million.

Chief executive Mike Roan says they're considering increasing capacity at the Pukaki dam in the Mackenzie basin. 

He says it's still early days though. 

"The question that I've asked the team is - is it economic to do it? Does it actually make financial sense to expand the amount of hydro storage that we've got?"

LISTEN ABOVE

A positive financial result has gentailer Meridian thinking about infrastructure upgrades.&nbsp;
It recorded a half year profit after tax of $227 million.
Chief executive Mike Roan says they're considering increasing capacity at the Pukaki dam in the Mackenzie basin.&nbsp;
He says it's still early days though.&nbsp;
"The question that I've asked the team is - is it economic to do it? Does it actually make financial sense to expand the amount of hydro storage that we've got?"
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Mike Roan: Meridian Energy CEO on the company delivering a higher than expected net profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7b5a5fec-37c0-4be6-a778-b3fc0064da2f/transcript