Meridian, MightyRiverPower shares gain ahead of Monday's Tiwai Point smelter decision

Fri, 31 Jul 2015

By Pattrick Smellie July 31 (BusinessDesk) - A decision to keep the Tiwai Point aluminium smelter open appears increasingly likely, with shares of Meridian Energy and MightyRiverPower gaining ahead of Monday's scheduled announcement on the future of the Bluff industrial plant that uses around 13 percent of all the electricity generated in New Zealand. Both Meridian and MRP shares climbed about 3 percent today. Meridian is presumed to be a winner from whatever is announced because it could expect to sell the 572 Megawatts of electricity it...

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