Monday, February 11, 2019

New Zealand: Record Geothermal Energy Generation Helps Contact to Healthy Profit

Contact Energy posts $276m half year profit (Radio New Zealand)

Contact Energy has posted a net profit of $276 million for the six months ended December, well up from $58m a year ago, as reported in the latest half-year profit report.

Contact Energy reported record generation of 1,726 GWh from their geothermal power stations, 11% higher than the prior comparative period, as the company obtained a favourable variation to the Wairakei mass take consent and did not repeat the 1H17 planned outage at Te Mihi.

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