HVDC outages impact Meridian

Mon, 20 Apr 2020

Meridian Energy's March operating earnings were down about 24 percent from a year earlier as upgrade work on the Cook Strait cable restricted electricity transmission to the North Island and covid-19 cut commercial and industrial demand at the end of last month.Forsyth Barr estimates the firm's earnings before interest, tax, depreciation, amortisation and changes in financial instruments for the month at $59 million, down $19 million on the corresponding period in 2019.Reduced capacity on the high-voltage link between the two...

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