Genesis generator fault won't hit FY18 guidance despite cutting capacity 43%

Wed, 20 Dec 2017

By Sophie Boot Dec. 21 (BusinessDesk) - One of Genesis Energy's three generators in Tekapo suffered a fault last month and won't return to full capacity until early March, though the company hasn't altered full-year guidance. The fault occurred when the unit was being returned to service following a planned outage, Genesis executive general manager of generation and wholesale Tracey Hickman said in a statement. The fault means the company's Tekapo power scheme has lost 43 percent of its generating capacity. "Whilst the recent firm whol...

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