Radio New Zealand - Te Reo Irirangi o Aotearoa

Maori Trust Board looks forward to asset sales benefits

Updated at 7:10 pm on 15 February 2012

The Tuhoe Waikaremoana Maori Trust Board says it's looking forward to its people benefiting financially from the partial asset sales of four State Owned Enterprises, including Genesis Energy.

A series of Government hui on the planned sales continued on Wednesday, and one held in Gisborne was attended by about 80 people.

Board deputy chairperson Jennifer Takuta-Moses says one of the energy companies on the list for partial sale is Genesis Energy which operates power stations near Lake Waikaremoana.

Jennifer Takuta-Moses says the land under the stations was originally Maori owned, and it's to consider what sort of financial resources could come back to the local people if the partial asset sales go ahead.

She says the issue will be on the agenda for discussion at the board's meeting next month.

Copyright © 2012, Radio New Zealand