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Contact to supply a portion of Tiwai’s electricity
Monday 3 August 2015
Contact to supply a portion of
Tiwai’s electricity
Contact Energy Limited (Contact)
announced today that it has signed a financial contract with
Meridian Energy which forms a portion of the electricity
required by New Zealand Aluminium Smelters to operate its
Tiwai smelter with the following key terms:
- 80MW
- Minimum of 4 years and a maximum of 14 years commencing 1 January 2017
- Provision of associated risk management from Meridian to Contact under certain limited circumstances
“We are pleased that we have been able to support the continued production of aluminium at Tiwai", said Dennis Barnes, Contact’s Chief Executive.
ENDS
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