The Government’s opting to provide capital to Crown-controlled power companies instead of reshaping its role in the energy sector.
Genesis, Mercury, and Meridian have been assured funding is available for major infrastructure projects.
A procurement process for a Liquefied Natural Gas facility has also been launched, which Energy Minister Simon Watts says will start on Monday.
He told Mike Hosking Cabinet will aim to make a decision by Christmas to get supply into the country as soon as possible.
Watts says their shortest timeline has supply arriving by Winter of 2027, but if a more traditional route is used, it’s more likely to come by 2028 or 2029.
LISTEN ABOVE

Full Show Podcast: 19 January 2026
1:30:31

Mike's Minute: I still have questions over Razor's departure
02:39

Commentary Box: Andrew Saville and Jason Pine discuss Summer Cricket, Usman Khawaja and the Australian Open
12:19