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- Release Date: 13/03/14 16:33
- Summary: GENERAL: CEN: Correction to TCC plant operating hours comment by broker
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CEN
13/03/2014 14:33
GENERAL
REL: 1433 HRS Contact Energy Limited
GENERAL: CEN: Correction to TCC plant operating hours comment by broker
MEDIA RELEASE
For immediate release
Thursday 13 March 2014
Correction to TCC plant operating hours comment by broker
Contact Energy Limited (Contact) is aware of a NZ power market report
published by financial broker OMF earlier today indicating that Contact's
Stratford based combined-cycle plant (TCC) is unlikely to run over winter
2014 due to less than 1,000 hours of operating time being left until a
substantial plant upgrade is required.
We wish to provide clarity on the matter and can confirm that statements made
during our half year financial results presentation regarding a 1,000 hour
operating limit on TCC related to an isolated problem with the plant that was
resolved during an outage that concluded on 5th March 2014. The TCC plant is
not limited by operational hours this winter and will continue to be run
based on prevailing market conditions.
ENDS
Media enquiries: Shaun Jones 021 204 4521
End CA:00248164 For:CEN Type:GENERAL Time:2014-03-13 14:33:38
