WELLINGTON: New Zealand’s Infratil Limited (IFT.NZ) said on Monday it has agreed to acquire a further 4.92% stake in power generator Contact Energy Limited (CEN.NZ) for NZ$437.7 million ($261.5 million), increasing its total holding to 14.3%. The infrastructure investor will buy the stake from TECT Holdings, the former Tauranga Energy Consumer Trust, at NZ$8.95 per Contact share, according…
AUCKLAND, NZ: Contact Energy, one of New Zealand’s largest electricity generators and retailers, has announced that it is inviting proposals for up to 50 megawatts of electricity via hedge contracts for a minimum period of five years, starting from 2024. The company said that the open tender is aimed at meeting the growing demand from…
SYDNEY, AUSTRALIA: New Zealand energy company Contact Energy and global solar developer Lightsource bp (‘LSbp’) will collaborate on a series of grid-scale solar generation projects to create up to 380,000 megawatt hours of clean, affordable electricity annually by 2026 – enough to power 50,000 homes across the country. Under the new 50/50 joint venture Contact…
AUCKLAND, NEW ZEALAND: Contact Energy Limited is considering making an offer of up to $200 million (with the ability to accept oversubscriptions of up to an additional $25 million) of unsecured subordinated green capital bonds to New Zealand retail and institutional investors. The proceeds of the offer will be used by Contact Energy for the…
AUCKLAND, NEW ZEALAND: Sandra Dodds will join the Board of Contact Energy as an independent director on 1 September 2021, a news release said. The Board has also appointed her as Chair of Contact’s Audit & Risk Committee, replacing director Dame Therese Walsh who departs the Board at the end of August 2021. Sandra Dodds…