Monday, August 15, 2016

New Zealand: Efficiency Improvements Adds 70 GWh Geothermal Energy For Contact Energy

Contact optimistic after result in line with expectations (Otago Daily Times)

Contact Energy reported a statutory loss for the year ended June 30 following $204 million of impairments relating to the closure of the Otahuhu power station, an assessment the Taheke geothermal resource was unlikely to be developed in the foreseeable future and a write-down of inventory gas.

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2016 Full Year Results Presentation-Year ended 30 June 2016 (PDF)