Power shortage risks in 2024 after loss of gas-fired power plant

Power shortage risks in 2024 after loss of gas-fired power plant
A gas turbine like the one pictured suffered catastrophic damage when a turbine blade broke while it was running. (Image: Getty)
Pattrick Smellie
The loss of the country’s largest fast-start gas-fired peaker power stations in the last month bodes ill for winter 2024, energy market analyst John Kidd is warning.His comments follow the closure until 2025 of one of two of Contact Energy’s 100 megawatt (MW) peaking plants after a turbine blade broke and caused extensive internal damage to the machine.That came on top of the unscheduled loss of Genesis Energy’s Huntly unit 5 - a 403MW gas peaker - last month until May next year.Kidd, whose firm Enerlytica provides detail...

More Markets

Spark sells remaining Connexa stake for $314m
Markets

Spark sells remaining Connexa stake for $314m

The sale will result in a $70m gain on telco's books.

Ben Moore 11:45am
Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Neal Barclay to exit Meridian as CEO
Markets

Neal Barclay to exit Meridian as CEO

Current CFO Mike Roan will take Barclay's spot atop Meridian.

Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.