Many decisions ahead for Manawa Energy as it ponders future electricity prices

Manawa is upgrading dams and looking to build new generation. (Image: NZME)

Tue, 21 May 2024

Manawa Energy reported a solid earnings result as it bedded down as an electricity generation-only business, looked to the future and tried to work out where wholesale prices are going.Net profit after tax of $24 million in the 12 months to March 31 was down from $444m in the previous year. However, this was after the former company Trustpower became Manawa Energy and booked the profits from the sale of its retail business to Mercury.Earnings before interest and taxation, depreciation and amortisation and fair value adjustments from continuing...

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