Genesis extends life of coal-fuelled power station to 2022

Wed, 27 Apr 2016

By Sophie Boot and Pattrick Smellie April 28 (BusinessDesk) - Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. The Auckland-based power company has signed a 'swaption' contract with Meridian Energy "and other market participants", according to a statement from Meridian chief executive Mark Binns. Meridian, but no detail of the trigger price...

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