Meridian to spend up to $510m on Waitaki Power Station upgrade

Home / Business / Companies / EnergyJamie GrayBusiness Reporter·NZ Herald·29 Sep, 2026 10:27 PM4 mins to read‌Meridian is upgrading its Great Depression era Waitaki Power Station. Video / MeridianNew Zealand’s biggest power generator, Meridian Energy, says it will invest $440-$510 million over the next 10 years on upgrading the historic, Great Depression-era Waitaki Power Station.NZX-listed Meridian said the revamp of the 92-year-old station would boost hydro generation and “set the asset up for another lifetime”. The project AdvertisementAdvertise with NZME.