Contact says Taranaki gas-fired plant available next winter if someone will pay for it

Contact says Taranaki gas-fired plant available next winter if someone will pay for it
The Taranaki Combined Cycle Plant is coming to the end of its life. (Image: NZME)
Ian Llewellyn
Contact Energy will keep its Taranaki Combined Cycle Plant available for generation next winter, but it will depend on securing gas to fire it and a customer willing to pay for the electricity generated, chief executive Mike Fuge says.Contact held its annual shareholders meeting on Wednesday and confirmed it had made a final investment decision to build a new 101 megawatt (MW) geothermal plant, Te Mihi Stage 2, as the first step in replacing its 1950s-built Wairakei geothermal power station.The company also confirmed it would make the gas-fired...

More Editor's Picks

Fail File: Vikki Maclean, Kerridge & Partners partner
Editor's Picks

Fail File: Vikki Maclean, Kerridge & Partners partner

“My kids have taught me that you can do whatever you want, but be humble.”

Victoria Carter 13 Sep 2025
Why Savor Group won't sell you lamb cutlets
Markets Small Cap Wrap

Why Savor Group won't sell you lamb cutlets

Plus, its D-day for Tait's Vital takeover, and more.

Expressway bidder faces scrutiny amid Sydney rail allegations
Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations

NZTA is monitoring the situation as it assesses a local bid involving Webuild.

Oliver Lewis 11 Sep 2025
ANZ's NZ operation may escape worst of 'Nuno-geddon'
Finance

ANZ's NZ operation may escape worst of 'Nuno-geddon'

ANZ NZ’s performance might be its potential saving grace.

Andy Macdonald 10 Sep 2025