Huntly unit out until May, knocking $30m off Genesis earnings

Huntly Unit 5 is going to take longer than initially thought to fix. (Image: Getty)

Fri, 04 Aug 2023

Genesis Energy says its Huntly Unit 5 plant will be out until late May, knocking up to $30 million off its earnings.The combined cycle gas plant broke down on June 30, increasing worries about the electricity system’s ability to get through this winter.Genesis said initially that the 400-megawatt capacity plant – one of the single largest in New Zealand – would be offline until the end of July. This was then extended to the end of August.11-month outage In a statement to the NZ stock exchange, Genesis said further investigatio...

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Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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