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)

Wed, 13 Nov 2024

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...

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