Contact's TCC plant may give way to Rankines

Contact's TCC plant may give way to Rankines
Gavin Evans
By Gavin Evans Feb. 13 (BusinessDesk) - Contact Energy’s 20-year-old gas-fired Taranaki Combined Cycle plant could be retired in favour of the greater flexibility provided by Genesis Energy’s dual-fuel Rankine units at Huntly. Contact faces a $50 million-plus investment at TCC in order to keep the plant running beyond 2022 – the same year the contracts Genesis holds to underpin the Rankine operations expire. Contact chief executive Dennis Barnes says that while electricity demand remains flat, the country still has opportunities to red...