Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Taranaki Combined Cycle Thermal Generation Plant


Media Release

Issued 18 November 2002-03 / 072

Contact and Genesis apply to acquire
Taranaki Combined Cycle Thermal Generation Plant

The Commerce Commission has received two separate applications to purchase 100% of the shares in Stratford Power Limited, a 100% owned subsidiary of Natural Gas Holdings Corporation Limited (NGC), and/or the assets of its Taranaki Combined Cycle Thermal Generation plant (TCC).

The applications are from Contact Energy Limited (Contact) and Genesis Power Limited (Genesis).

Contact’s application also seeks clearance to acquire all the shares in another NGC subsidiary, Cobb Power Limited, which owns the Cobb hydroelectric power station (Cobb).

The TCC plant is a combined cycle thermal generation plant situated at Stratford and is capable of generating 354MW. Cobb is a 32MW hydro station located north west of Nelson.

In considering the applications under the Commerce Act, the Commission’s role is to determine whether the merger has the effect of substantially lessening competition in any market.

Background
Genesis was formed following the Government’s split of the Electricity Corporation of New Zealand in 1999, and is one of three state-owned enterprises supplying energy and energy related services in New Zealand.

In addition to gas retail, Genesis is involved in the generation, wholesale and retail of electricity through a combination of hydro and thermal generation. Genesis owns seven power stations through the North Island, including the Huntly Power Station, Tongariro Hydro Scheme, Waikaremoana Hydro Scheme, Hau Nui Wind Farm in the Wairarapa and a number of co-generation plants.

Contact Energy was established by the New Zealand government in November 1995 to introduce competition in the electricity market. Contact commenced operations in early 1996 when it acquired a portfolio of electricity and gas assets from the state owned electricity generator ECNZ, and was privatised in October 1998.

In addition to gas wholesale and retail, Contact is involved in the generation, wholesale and retail of electricity through a combination of hydro, geothermal and thermal generation. Contact owns nine power stations including Clyde and Roxburgh hydro stations, Wairakei and Ohaaki geothermal stations, and Otahuhu B and New Plymouth thermal stations.

Public versions of both applications are available on request from the Commerce Commission.

Commission media releases can be viewed on its web site www.comcom.govt.nz

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech