Contact extends Fonterra electricity supply at Te Rapa, will buy Genesis gas

Tue, 24 Jun 2014

By Suze Metherell June 25 (BusinessDesk) - Contact Energy, the NZX-listed energy retailer and generator, has secured a six-year contract with Genesis Energy to buy its gas while extending its steam and electricity supply contract with Fonterra Cooperative Group at its Te Rapa plant. The power company will buy 27 petajoules of gas from Genesis over six years in a related deal to an eight-year extension of its supply contract with Fonterra, Wellington-based Contact said in a statement. The supply contract with Fonterra, the world's largest...

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