Monday 18th September 2023 |
Text too small? |
Genesis has been actively pursuing options to return Huntly Unit 5 to service. Successful negotiations with third parties have resulted in an accelerated return to service which we now expect to be 31 January 2024. This timeframe is based on advice from suppliers and remains subject to any material adverse events or unforeseen logistical or supply chain related delays.
The financial impact of the Unit 5 outage is expected to be around $25 million net of insurance proceeds, within the $20-30 million range included in previous EBITDAF guidance. The estimate reflects the expected net impact on Genesis including the insurance deductible.
Any further updates on the timeline for the return to service of Huntly Unit 5 will be provided through the Transpower Planned Outage Coordination Process (POCP).
ENDS
No comments yet
CHI - Government announcement on reserve diesel stock procurement
Meridian issues demand response exercise notice to NZAS
June 6th Morning Report
SCL - 2024 Annual Shareholders' Meeting Presentations
Fletcher Building notifies Moody's rating amendment
Burger Fuel Group confirms implementation of capital return
PCT advances living strategy
SCL - Investment in Meateor Australia Joint Venture
PFI - Financing and Balance Date Change Update
BAI - Entry into Partnership Agreement with IntraEdge, Inc