Gentailers working together to keep Huntly running

Gentailers working together to keep Huntly running
It appears no one wants to use the c**l word. (Image: NZME)
Ian Llewellyn
The major electricity generators are working together to keep the Huntly power station’s Rankine units operating for longer.In an unusual joint statement, Genesis Energy, Mercury, Meridian, and Contact said they had entered into a non-binding heads of agreement to investigate the potential for Huntly Power Station Rankine units to “continue to play a key role managing ‘dry-year risk’ and enhance system security over a longer-term timeframe”.The Rankine units can run on gas, coal and even alternative fuels such as b...

More Markets

Investore taps investors to buy Auckland’s Silverdale Centre
Property

Investore taps investors to buy Auckland’s Silverdale Centre

Chair Mike Allen said the acquisition presented a “compelling opportunity”.

ANZ pays for fair-dealing breaches, avoids pecuniary penalty
Markets

ANZ pays for fair-dealing breaches, avoids pecuniary penalty

ANZ pays $3.25m to Crown for self-reported breaches of Financial Markets Conduct Act. 

NZ Super Fund's $745m active windfall
Markets

NZ Super Fund's $745m active windfall

The super fund now has more than $85 billion under its control.