PERTH, AUSTRALIA--May 28, 2013--Researched by Industrial Info Resources (Perth, Australia)--The $40 million Waitaki Hydro Refurbishment Program, which is being undertaken by Meridian Energy Limited (Wellington, New Zealand), will underpin the last major investment program by the company for the next few years. The two-stage program involves refurbishments to the Waitaki Dam and the hydro plant itself, which currently features six 15-megawatt (MW) hydro units that produce a total capacity of 90 MW.