|
Wednesday 23rd December 2009 |
Text too small? |
Contact Energy has extended a scheduled maintenance outage at its Otahuhu B power station after finding cracks in welds on the heat recovery steam generator.
The decision to repair the cracks immediately means the combined-cycle gas-fired plant will be out of action until the end of February, the company said in a statement. The Otahuhu B station has capacity of 380 MW, or about 20% of Contact’s total.
“The decision has been taken to repair these immediately over a period of lower electricity demand and ahead of winter 2010,” the company said. As a result, Contact has rescheduled routine maintenance at its Taranaki combined-cycle gas-fired power station.
Contact’s nine power stations generate as much as 30% of New Zealand’s electricity, according to the company’s website. Shares of Contact rose 0.6% to $6.08 today and have declined about 18% this year.
Businesswire.co.nz
No comments yet
UPDATE Contact increases dividend as FY earnings rise; quits wind projects
Contact increases dividend as FY earnings rise in competitive market
Contact shares drop to 2-month low, says 'hard to see' investment under Labour-Greens plan
Contact Energy, parent Origin mull redemption of $2.03 bln of notes after S and P change
Solid first half for Contact, despite retail margins squeeze
Contact sells mothballed New Plymouth power station for $24 mln
Contact Energy's King hints at greater returns as cash mounts
Contact energy beats FY profit forecast as revenue surges
Elliott leaving Contact for Origin role
Contact sees 2014 cash-flow boost as projects put on ice
