The plant would act as a gigantic hydro power storage plant, representing a huge step in transitioning away from fossil fuels.
The National Party is promising to cancel it should it win the upcoming election.
The fire in Plumpang fuel storage station spread to a nearby, densely populated area of North Jakarta.
It could have reduced New Zealand's emissions by about 1 million tonnes, but some say the overall climate impact was going to be negative.
The record profits come amid calls to implement a windfall tax on companies profiting from the high price of oil caused by Russia's invasion of Ukraine.
It comes as power prices are forecast to rise by 50% in the next two years.
The Commerce Commission began investigating Vector, New Zealand's largest electricity distribution business, in 2020.
The discount kicked in at 7am Thursday.
The Ukraine war has heightened attention on the low-carbon power source.
It would generate 10% of the country's electricity supply, enough to power over 400,000 homes.
A report claims the big power companies have been delivering excess dividends to shareholders.
OMV announced its new global strategy this year, describing it as the "most fundamental strategic shift in the company's history".
The Government has today announced a suite of initiatives to help strengthen New Zealand’s fuel sector.
The project, which would see turbines fixed to the sea floor, is in the feasibility stage with any construction to start by the end of the decade.
Consumer NZ's Gemma Rasmussen recommended customers consider switching providers.
The warning that there could be power cuts in the North Island has now been lifted.
Up and down the country, solar power developers are locking up farming land and being met with opposition.
Manawa Energy, formerly known as Trustpower, told shareholders at its annual meeting that lake storage was now well above average, after a dry start to the current financial year in March.
Energy NZ director Andy Logue gives a tour of his energy efficient home.
It comes just one month after low-use charges were scrapped by the Government.