14 March 2014
Contact Energy Limited - Correction to TCC plant operating hours comment by broker
Contact Energy Limited (Contact) is aware of a NZ power market report published by financial broker OMF earlier today indicating that Contact's Stratford based combined-cycle plant (TCC) is unlikely to run over winter 2014 due to less than 1,000 hours of operating time being left until a substantial plant upgrade is required.
We wish to provide clarity on the matter and can confirm that statements made during our half year financial results presentation regarding a 1,000 hour operating limit on TCC related to an isolated problem with the plant that was resolved during an outage that concluded on 5th March 2014. The TCC plant is not limited by operational hours this winter and will continue to be run based on prevailing market conditions.
Media enquiries: Shaun Jones - 021 204 4521
Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.