The Government has asked the Waitangi Tribunal to report on Maori water rights by August 24 so it can go ahead with the Mighty River Power share float this year.
The tribunal on Monday asked the government to put the partial privatisation of the state-owned company on hold until it had resolved the Maori water rights issue, and said it would report by the end of September.
That isn't soon enough, Finance Minister Bill English and State-owned Enterprises Minister Tony Ryall say.
"To proceed with the Mighty River Power share offer in 2012 ministers would need to make decisions by the first week of September," they said today.
"Ministers would welcome the opportunity to consider the tribunal's detailed findings, its recommendations and its reasoning, which we do not have at this stage."
They say delaying a decision beyond the first week of September would mean losing the 2012 "window" for the share offer, and would have significant consequences for the rest of the sales programme.
After the government has sold 49 per cent of the shares in Mighty River Power it is going to partially privatise Genesis Energy, Meridian Energy and coal miner Solid Energy.
NZN