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Origin Energy Limited’s (ASX:ORG) 53 per cent owned Contact Energy (NZE:CEN) has inked a deal with dual listed Genesis Energy Limited (ASX:GNE, NZE:GNE) and extended a supply contract with Fonterra.
New Zealand listed Contact will buy about 27 petajoules of gas from Genesis Energy from January 1, 2015 to December 31, 2020.
The Wellington-based energy retailer and generator will also extend its supply contract with Fonterra at the Te Rapa plant.
Contact has supplied steam and electricity for the Te Rapa plant since 1999 and the contract will now see Contact supply Fonterra for eight more years from July 2015.
The value of both deals has not been disclosed.
Origin Energy reported a net profit of $372 million in the first half of the 2014 financial year.
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Last
$12.70 |
Change
0.290(2.34%) |
Mkt cap ! $21.89B | |||
| Open | High | Low | Value | Volume |
| $12.70 | $12.87 | $12.67 | $23.95M | 1.899M |
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| 22 | 4272 | $12.70 |
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| Price($) | Vol. | No. |
|---|---|---|
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| ORG (ASX) Chart |