Genesis ends electricity Mexican standoff with up to $25m Huntly deal
Genesis has persuaded its competitors to cover the costs of ensuring New Zealand's lights stay on beyond 2018. With special feature audio.
Jenny Ruth Thu, 28 Apr 2016
Genesis Energy [NZX: GNE] has reached a deal with an undisclosed number of its competing generator/retailers that will cover its costs of up to $25 million of keeping the two remaining Rankine units at Huntly operating for another four years.
The deal covers 230 megawatts of power in each of the
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).