Ministry of Economic Development Home
|
Contact MED
|
Other MED Websites
Business Consultation Website
Business News Update
Companies Office
Crown Minerals
Digital Strategy
Energy Safety
Government 2 Business
Government Urban and Economic Development Office
Growth and Innovation Advisory Board
Growth and Innovation Framework
Insolvency and Trustee Service
Insurance and Superannuation Unit
Intellectual Property Office
Ministry of Consumer Affairs
Ministry of Economic Development
Ministry of Tourism
Ministry of Tourism - Research
Motor Vehicle Traders Register
National Enforcement Unit
New Zealand 2011
New Zealand Major Events
Personal Property Securities Register
Plant Variety Rights Office
Radio Spectrum Management
Regional Development Conference
Societies and Trusts
Jump to Site Navigation Links
Doing Business in NZ
Regulation
NZ Economic Development
International Trade
Energy & Resources
Tourism
Consumer Issues
ICT
About MED
Online Services
Companies Office
Crown Minerals
Electrical Workers
Insolvency
Intellectual Property
Gas & Electrical Safety
Insurance & Superannuation
Motor Vehicle Traders
Personal Property
Plants Variety Rights
Radio Spectrum
Tourism Research
Links to this page were:
Home
Energy & Resources
Water
Waitaki Catchment
Project Aqua
Section Subnavigation Links:
Water
Waitaki Catchment
Final Report
Terms of Reference
Model Scoping Report
Project Aqua
Media Statements
Project Aqua: An Evaluation of the Economic Impact
[ Last Updated 22 December 2005 ]
Short Description
This report was commissioned by the Ministry of Economic Development to evaluate the economic impact on the electricity sector by Project Aqua, a Meridian Energy proposal to construct six hydro power stations using the waters of the Waitaki River.
Author
Concept Consulting Group
Prepared for the Ministry of Economic Development by Concept Consulting Group
March 2004
Document Table of Contents
Important Notice
1. Purpose of Report
2. Summary Conclusion
3. Important Qualifications
4. Approach
5. Key Assumptions
6. Development Options
7. Developing the Scenarios
8. Transmission Impacts
9. Security of Supply
10. Evaluation
11. Conclusion
Appendix 1 - Weighted Average Cost of Capital
Appendix 2 - Discounted Cash Flow Analysis
Other Formats Available To Download
Project Aqua: An Evaluation of the Economic Impact [550 kB PDF]
Get a PDF Reader
List of Figures
Figure S- 1: Potential Impact on LRMC Prices
Figure 1 Current Lower Waitaki River Flows
Figure 2 - Lower Waitaki with Canals Overlaid
Figure 3: Projected NZ Gross Electricity Demand
Figure 4 Small-Scale Hydro Schemes
Figure 5: New Generation Investment Schedule - With Aqua
Figure 6: Dry Year Production - With Aqua Scenario
Figure 7: New Generation Investment Schedule - Without Aqua
Figure 8: Dry Year Production - Without Aqua Scenario
Figure 9: Supply and Demand Balance Mean Year - Two Scenarios
Figure 10: Potential Impact on LRMC Prices
List of Tables
Table S-1: Key Difference Between Scenarios
Table S-2: Project Aqua Economic Evaluation - Sensitivity to Capital Costs (10% PSDR)
Table S-3: Project Aqua Economic Evaluation - Sensitivity of Capital Costs (5% PSDR)
Table 1: Project Aqua Timing Assumptions
Table 2: Thermal Fuel Assumptions
Table 3: Carbon Emission Rates
Table 4 Potential Hydro Developments
Table 5: Potential Wind Developments
Table 6: New Zealand's Geothermal Resource
Table 7: Thermal Development Options (With $15/ tonne CO
2
Carbon Tax)
Table 8: Summary of Electricity Supply Development Options
Table 9: Key Differences Between Scenarios
Table 10: HVDC Transmission Link Configuration
Table 11: Central Estimate - Economic Impact of Project Aqua
Table 12: Sensitivity Analysis - Project Aqua Economic Evaluation
Table 13: Project Aqua Economic Evaluation - Sensitivity to Capital Costs
Table 14: Project Aqua Economic Evaluation - Sensitivity to 7.5% PSDR
Table 15: Project Aqua Economic Evaluation - Sensitivity to 5% PSDR
Table A- 1: WACC Calculation
Table A-2: Program of New Investment With and Without Aqua
Table A-3: Power Station Capital Costs
Table A-4: Power Station Capital Expenditure Profiles
Table A-5: New Power Station O&M Costs:
Table A-6: Thermal Power Station Generation (difference between With and Without Aqua)
Back to Top
Doing Business in NZ
Recent Updates
Current Reviews & Consultation
Expanding a Business
Insolvency
Intellectual Property
Online Services
Government Procurement
Research
Standards & Conformance
Starting a Business
Eco-verification
Regulation
Recent Updates
Current Reviews & Consultation
Competition Policy
Corporate Law and Governance
Financial Sector Policy
Insolvency Law
Intellectual Property Policy
Regulatory Impact Analysis
Regulatory Policy
NZ Economic Development
Recent Updates
Current Reviews & Consultation
KiwiSaver Supply Side Impacts
CMD Taskforce
Building Business Capability
Industry Development
Infrastructure Development
NZ Trade & Enterprise
Regional Development
RWC Office
Small & Medium Enterprises
Credit-Employment Survey
Archive
International Trade
Recent Updates
Current Reviews & Consultation
Exporting from NZ
Free Trade Agreements
Importing to NZ
International Organisations
Mutual Recognition Arrangement
New Zealand Tariffs
Trade Remedies
Environmental Agreements
Trading with Australia
Energy & Resources
Recent Updates
Current Reviews & Consultation
Summary of Energy Policy Initiatives
Bioprospecting
Crown Minerals
Maximising Petroleum Potential
New Zealand Energy Strategy
Electricity
Environment
Energy Information
Energy Modelling
Energy Safety
Gas
Geothermal Energy
International Relationships
Oil & Alternative Fuels
Carbon Capture & Storage
Water
Archive
Tourism
Recent Updates
Ministry of Tourism
Media Releases
Archive
Consumer Issues
Recent Updates
Ministry of Consumer Affairs
Business Information
Consumer Information
Ecolabels
Education
Measurement
Policy, Law & Research
Product Safety
Publications
Scamwatch
Archive
ICT
Current Reviews & Consultation
ICT Policy Initiatives
ICT Regulation
Broadband
Telecommunications
Radio Spectrum
Digital Technology
Recent Updates
Electronic Commerce
Postal Policy
About MED
Purpose and Vision
Strategy and Priorities
Crown Entities & Other Boards
Organisational Structure
Strategic Leadership Team
Our Ministers
Media Centre
Publications
Grants & Scholarships
Careers
Contact Us
Jump to main page content.
Printed: 24/11/2009