Contact Energy signs deal with Maui that could see it use less gas

Thu, 22 Jan 2015

By Fiona Rotherham Jan. 22 (BusinessDesk) - Contact Energy, one of New Zealand’s largest electricity generators and retailers, has signed a new deal with Maui Development Ltd to purchase between 22 and 26 petajoules of gas over a two-to-three-year period that significantly boosts its overall forward supply. The cost of the deal has not been disclosed and it replaces an agreement with MDL that expired at the end of last year. Contact generates about a quarter of New Zealand’s electricity, has 22 percent of the electricity retail market, an...

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