Meridian is a State Owned Enterprise under the State-Owned Enterprises Act 1986 and is wholly owned by the New Zealand Government. Meridian’s nature and scope of activities are: the generation of electricity (including the ownership and operation of related assets), the management of water related infrastructure, and the marketing trading and retailing of energy and wider complementary products, solutions and services, primarily within New Zealand.

Meridian is New Zealand’s largest generator of renewable energy, and is planning to increase its renewable generation capacity in the future. Meridian has also committed to only using renewable resources for energy generation. It is the only generator to do so.

Meridian’s principal objective, as set out under the State-Owned Enterprises Act, is to operate as a successful business and to this end to be:

• As profitable and efficient as comparable businesses not owned by the Crown;
• A good employer; and
• An organisation that exhibits a sense of social responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate or encourage these when able to do so.

Meridian is also required under Section 9 of the SOE Act to ensure that it does not act in a “manner that is inconsistent with the principles of the Treaty of Waitangi”.

www.meridianenergy.co.nz