Long-term power deals crucial to Manawa's transformation

Manawa has a plethora of small hydro schemes. (Image: Manawa)

Tue, 14 Nov 2023

Signing up long-term fixed electricity supply deals will be key to Manawa Energy bedding in changes to becoming a generation-only electricity company, says interim chief executive Clayton Delmarter.On Monday, Manawa reported earnings from continuing operations of $78 million and underlying earnings of $39m, up 11% and 13%, respectively, for the six months to Sept 30.This resulted in a profit after tax of $56m, down from the $391m reported last year, which was boosted by a one-off gain from the sale of the Trustpower retail business to Mercury i...

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