NZ's Genesis Energy rises after co secures additional gas for power station

Genesis Energy

13/08/2024 03:22

** Shares of Genesis Energy  GNE.NZ  rise as much as 1.8% to
NZ$2.27, their highest level since July 25
    ** The diversified energy co secures up to 3.2 PJ of gas,
allowing Unit 5 at Huntly Power Station to return to full
capacity for the first time this winter
    ** "This gas supply will support electricity generation
through the remainder of winter and into spring," Chief
Wholesale Officer Tracey Hickman says
    ** Stock fallen 10.98% this year, as of last close

    

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))