Genesis Energy and the three other big power generators have signed agreements to establish a strategic energy reserve centred on Genesis’ Huntly Power Station.
The deals - aimed at supporting national security of power supply - have been settled by Genesis, Meridian Energy, Mercury NZ and Contact Energy.
The parties intend for the agreements to take effect from January 1, 2026.
Genesis Energy chief executive Malcolm Johns says there's a clear case to keep the plant going - and Genesis couldn't do it on its own.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Heather du Plessis-Allan Drive