23 Apr 2013

Ngati Porou says no to share buying - for now

6:33 am on 23 April 2013

Ngati Porou is ruling out buying shares in Mighty River Power for now - because rivers in its tribal territory don't feed the power generator.

The East Coast iwi says it does not want to encroach on the rangatiratanga of other tribes.

Te Runanganui o Ngati Porou chairperson Apirana Mahuika said they have their own waterways to care for.

The Waiapu River is massively silted.

However, he said investments could be made in the future - if he received invitations from Tuwharetoa and Tainui.

But Mr Mahuika said any attempt to invest would be an intrusion.

He said that position could change when future generations are in charge.