22 Apr 2013

Northland iwi considers investing in Mighty River shares

7:05 pm on 22 April 2013

Whatitiri Maori Reserve Trust says iwi members are considering investing in Mighty River Power shares.

Earlier this year, the Maori Council and other claimants were defeated in their legal attempts to stop the partial sale of the hydro power generator, through a series of challenges that ended at the Supreme Court.

Whatitiri Maori Reserve Trust chairperson Taipari Munro says the trust won't be investing in the hydro power generators.

But he says Northland is economically depressed and individual members of the hapu are very keen to invest to improve the social well-being of their iwi.

The iwi organisation, Te Runanga o Te Rarawa is also considering investment in Mighty River Power shares.