NEW ZEALAND

Long-term NZ gas development constrained: Fitch

THE New Zealand government's repeal of the ban on baseload fossil fuel power stations is good news for developers of new gas-fired projects, though the lack of new gas discoveries is limiting longer-term plans, says Fitch Ratings.

In its report "New Zealand Power & Utilities: Credit Outlook 2009" released earlier this week, Fitch said the revocation late last year by the new National-led administration was likely to "expedite the...

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