Brief: Meridian Energy And New Zealand Aluminium Smelters Enter Into Conditional Agreement

Meridian Energy

04/04/2023 21:39

April 5 (Reuters) - Meridian Energy Ltd  MEL.NZ :
    * CO AND NEW ZEALAND ALUMINIUM SMELTERS ENTERED INTO A
CONDITIONAL
AGREEMENT
    * DEAL FOR NZAS TO REDUCE CONSUMPTION OF ELECTRICITY AT
TIWAI
POINT SMELTER BY UP TO 50MW, AMONG OTHERS
    * AGREEMENT IS CONDITIONAL ON RECEIVING APPROVAL FROM
ELECTRICITY
AUTHORITY UNDER 'MATERIALLY LARGE CONTRACT' PROVISIONS
    * MERIDIAN WOULD PAY NZAS FIXED PRICE FOR EACH MW REDUCED BY
NZAS
UNDER DEMAND RESPONSE AGREEMENT
    * MERIDIAN AND NZAS HAVE ALSO AGREED TO AMEND SMELTER DEMAND
RESPONSE PROVISIONS IN CURRENT ELECTRICITY AGREEMENT

Further company coverage:  MEL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))