Case for closing Taranaki plant 'accelerating' - Contact
Rising gas and carbon costs are “accelerating the case” for replacing Contact Energy’s biggest gas-fired power station with renewables, the company said.
But the company notes that a "clearer picture” of demand is needed before it can commit to a 150-megawatt development of a new plant at the Tauhara geothermal field to replace the ageing 377 MW Taranaki Combined Cycle plant at Stratford.
“It is a matter of when – not if – Tauhara will play an important role in New Zealand’s transition to a low-carbon future,” Contact chief executive Mike...
Subscribe to BusinessDesk
Stay informed on business, government and financial developments across New Zealand.
- Deeply researched, twice-edited and fact-checked news
- Annual subscribers also receive a complimentary subscription to The Wall Street Journal
- Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers
You can cancel anytime with two clicks, an email or a phone call.
Find out more.
We are serious about journalism.
Already a Subscriber ? Sign in here.
{{ registerForm.errors.get('form') }}
We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.
{{ cardForm.errors.get('card') }}
{{ registerForm.errors.get('plan') }}
{{ __(plans[index].name) | capitalize }}
{{ plans[index].attributes.old_price | currency }}
{{ plans[index].price | currency }}
All subscriptions auto renew but are easy to cancel.
Tax: {{ taxAmount(selectedPlan) | currency }}
Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}
Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}
{{ registerForm.errors.get('email') }}
Not convinced yet?
Subscribe to our free 7am Headlines newsletter.
A quick summary of everything BusinessDesk has published in the previous 24 hours. No BusinessDesk
subscription needed.
Infrastructure sponsored by
Datacom is one of Australasia’s largest homegrown technology companies. We’ve been using technology to help New Zealand businesses and public sector organisations solve their biggest challenges for 60 years.
Opinion
Dave McLeish: Not everything important is measurable
Monetary theory has fundamentally backfired.
Sponsored
NZ risks losing edge as Australia takes lead in cleaner jet fuel
Experts warn SAF delay could cost jobs and growth.
