MARKETS

January water inflows to Meridian's NZ hydro system down 41%

NEW Zealand-based and ASX-listed hydropower and renewables player Meridian Energy has reported that its January 2022 water inflows are 41% below the historical average, the lowest monthly inflows on record, Meridian says.

File photo: Meridian Energy promotional graphic

File photo: Meridian Energy promotional graphic

  Water storage in the company's NZ Waitaki catchment was also "well below average." The company notes January was "a very dry month with above average temperatures and rainfall well below average...

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