Following our announcement on 1 May 2018 Meridian Energy has today been notified by NZAS that the conditions in the contract* have been satisfied i.e. the confirmations and exemptions required from the Electricity Authority, the Clearing Manager and Transpower have been received. Accordingly, Meridian expects NZAS’s fourth potline to be energised shortly. Any electricity consumed at the fourth potline on or after 24th September 2018 will trigger the effective date of the contract.
* This contract is available at https://www.meridianenergy.co.nz/investors/reports-and-presentations/nzas-contract
Neal Barclay - Chief Executive
Meridian Energy Limited
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