Meridian Energy has been confirmed as the next state-owned energy company to be partially floated on the stock exchange later this year.
Government also announced in today's Budget that $1.5 billion from the asset sales programme would be channelled into hospitals, schools, Kiwirail, and irrigation over the next year.
Meridian was the second of three energy companies to be floated, with the Mighty River Power share offer earning $1.7 billion last week and 113,000 investors buying shares.
State-Owned Enterprises Minister Tony Ryall said Meridian would benefit from the same listing process, with New Zealanders getting another chance to invest in a large New Zealand company.