25 June 2014

Contact agrees to extend Te Rapa energy supply contract

Contact Energy Limited (Contact) announced today that it has reached agreement to supply Fonterra with steam and electricity from the Te Rapa cogeneration plant for a term of eight years commencing 1 July 2015.

Contact has supplied steam and electricity to Fonterra from the Te Rapa cogeneration plant since 1999.

In a related but separate agreement, Contact will buy gas from Genesis Energy. Contact will buy 27 petajoules of gas over the term of the Genesis gas supply agreement, commencing 1 January 2015.

Contact's General Manager Trading, Development and Geothermal Resources, James Kilty, said "it is good to have completed this long term extension of the energy supply contract. We are pleased to extend our close relationship with Fonterra and continue the safe and reliable operation of the cogeneration plant which is vital to Fonterra's operations at Te Rapa. Completing the supporting gas purchase with Genesis Energy is a significant step for Contact as we contemplate our future gas purchase needs."


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