Low Electricity Demand Holds Up Two of Meridian's Renewable Projects in New Zealand

PERTH, AUSTRALIA--November 1, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--The 15-megawatt (MW) Balmoral Hydro Project (BHP) development on the Hurunui River in North Canterbury, New Zealand, remains on hold after Meridian Energy Limited (Wellington, New Zealand) said it wanted to know more about the market conditions for renewable energy in the region before continuing with the project. A major factor is the currently soft demand for energy in New Zealand.