Auckland-based technology company Dimension Data has secured
a multimillion-dollar contract with the University of Otago
and will open an office in Dunedin employing eight staff to
help support that new work.
More than half a billion dollars has been wiped off the value
of Contact Energy and TrustPower since Wednesday night, the
day before the Labour and Green parties announced their plans
to lower electricity prices.
New Zealand's reputation as an international investment
destination would be damaged by the Labour and Green parties'
proposals to bring down power prices, Milford Asset
Management senior analyst William Curtayne said yesterday.
Hydro storage was being managed far more conservatively than
in 2008, an encouraging sign that the changes resulting from
the 2009 ministerial review have been positive, Electricity
Authority head Carl Hansen says.