3 August 2015
Contact to supply a portion of Tiwai’s electricity
Contact Energy Limited (Contact) announced today that it has signed a financial contract with Meridian Energy which forms a portion of the electricity required by New Zealand Aluminium Smelters to operate its Tiwai smelter with the following key terms:
- Minimum of 4 years and a maximum of 14 years commencing 1 January 2017
- Provision of associated risk management from Meridian to Contact under certain limited circumstances
“We are pleased that we have been able to support the continued production of aluminium at Tiwai", said Dennis Barnes, Contact’s Chief Executive.
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Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.