Manawa looks to the future as market gives it a slap

Manawa looks to the future as market gives it a slap
Manawa is looking to increase the capacity of its existing generation while it looks for new opportunities. (Image: Manawa)
Ian Llewellyn
Manawa Energy is focussing on what is practically achievable in building new generation as the sector deals with chokepoints in the development process.The power company reported a mixed result yesterday. A very large increase in net profit, due to the sale of its retail business, masked a difficult six months to Sept 30. Operating earnings (Ebitdaf) from continuing operations were $70 million, down 34% from the previous comparable period. Its underlying earnings were $35m, down from $59m, while operating cash flow was down to $1m from $94...

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