Genesis 'comfortable' for now with Huntly closure decision

Mon, 24 Aug 2015

By Pattrick Smellie Aug. 25 (BusinessDesk) - Genesis Energy still plans to close the remaining 500 Megawatts of ageing gas and coal-fired electricity generation capacity at its Huntly power station in 2018, in spite of last week's surprise decision by Contact Energy to close its 400MW Otahuhu-B gas-fired power station at the end of next month. Chief executive Albert Brantley said he was "still comfortable" with the decision to retire the two 250MW Rankine units at Huntly, on the basis that Genesis has been unable to fetch commercially jus...

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