The grapevine has been saying for several months that Contact Energy no longer wanted land along the Clutha River.
The logical conclusion from that was that the company was giving up its plans to build more dams on the river and that has been confirmed:
The energy company has spent the past three years investigating the options at four sites, Luggate, Beaumont, Queensberry and Tuapeka Mouth.
It says the costs were much higher than the expected $300 million to $1.5 billion per dam, meaning none of the options are viable in the foreseeable future. . .
Other factors contributing to the decision include the unease within communities living along the Clutha and the cost of transmission, including future upgrades of the Cook Strait cable.
The company has bought land along the river. This decision could mean there will be several farms for sale.