skip to main content

Steady progress on Water Uptake for Ruataniwha Scheme

RWSS Banner
Hawke’s Bay Regional Investment Company Ltd says it is making steady progress towards its water uptake target for the Ruataniwha Water Storage Scheme.
Farmers have until Monday 18 April to sign up as foundation water users of the irrigation scheme and receive early adopter discounts. Whether the scheme goes ahead is dependent on whether HBRIC Ltd can contract 45 million cubic metres of water before financial close.
HBRIC Ltd Chief Executive Andrew Newman says while Monday is the deadline for farmers to sign up as Foundation Water Users, the investment company will not be releasing any water uptake figures until it has reported back to its shareholder, the Hawke’s Bay Regional Council and potential investors, which is expected to take a couple of weeks.
“We have an obligation to ensure our shareholders and potential investors are fully informed before we release any information publically,” says Mr Newman.

5 May 2016

Back to News Archive

Disclaimers and Copyright
While every endeavour has been taken by the Hawke's Bay Regional Council to ensure that the information on this website is accurate and up to date, Hawke's Bay Regional Council shall not be liable for any loss suffered through the use, directly or indirectly, of information on this website. Information contained has been assembled in good faith. Some of the information available in this site is from the New Zealand Public domain and supplied by relevant government agencies. Hawke's Bay Regional Council cannot accept any liability for its accuracy or content. Portions of the information and material on this site, including data, pages, documents, online graphics and images are protected by copyright, unless specifically notified to the contrary. Externally sourced information or material is copyright to the respective provider.

© Hawke's Bay Regional Council - / +64 6 835 9200 /