Meridian and NZAS sign long term contracts

Friday 31st May 2024

Meridian Energy Chief Executive Neal Barclay says the agreement is an excellent result after many years of hard work.

“This is a fantastic outcome for New Zealand and the Southland region. It’s further proof that large industrial businesses can utilise New Zealand’s renewable energy advantage and create low carbon sustainable products, high value jobs and export dollars for our country.”

Meridian Energy and New Zealand’s Aluminium Smelter (NZAS) have signed a package of conditional 20-year contracts for part of the NZAS Tiwai Point aluminium smelter’s electricity needs. The package includes a long-term fixed price contract for wholesale electricity price cover and a significant demand response agreement.

We are thrilled to announce a deal has been made with New Zealand’s Aluminium Smelter to keep the smelter operating for the next 20 years. The agreement includes a significant demand response deal to make more electricity available for the country when it may be required during times of high demand, and commitments for the environmental remediation of the smelter site.

The deal includes a 377 MW base load from 2025 – the majority of the 572 MW the smelter needs.

Neal Barclay and Meridian CFO Mike Roan will host an investor and media call via a Microsoft Teams webinar at 11am, which will include an opportunity to ask questions. Click here to register for this call. Pre-registration is required to attend.

Neal also has a limited window between 9:45am and 10:30am available for interviews – please let me or Phil Clark know if you would like to speak with him.

Meridian and NZAS sign long term contracts

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