Is Contact Energy's 'Waiting-to-Die-Co' a good idea?

Tue, 25 May 2021

Energy analysts say it is worth exploring the idea of lumping together the country’s fossil fuel electricity plants into one entity to manage coal and gas out of the system. Contact Energy has floated the idea of setting up ‘ThermalCo’ to “achieve a return on assets and facilitate the energy transition”.Under the plan, the thermal generation assets of all companies along with upstream fuel assets, supply and storage arrangements would all be sold to one company. Contact's chief executive Mike Fuge has...

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