14 Nov 2012

Te Rarawa eyes stake in power companies

6:38 am on 14 November 2012

Te Rarawa is considering whether or not to take shares in hydro power generators.

Although the Far North tribe signed to receive a Crown Treaty settlement package last month, it still has to pass through the parliamentary process.

And that means the tribe can participate in the Government share offer to iwi.

Chair Haami Piripi says people in the Far North can just about jump across the biggest river in the region, but the runanga is interested in exploring what's on offer.

He says they are looking the value of any investments - financial and strategic.

Mr Piripi says the shares are simply another mechanism by which redress can be achieved.