Genesis Energy Extends Shutdown of Huntly Unit 5 to Support Gas Supply in New Zealand

MT Newswires Live11:50

Genesis Energy (ASX:GNE, NZE:GNE) is extending the shutdown of its 400-megawatt Huntly Unit 5 gas turbine in New Zealand to mid-February 2027, according to a Monday statement.

The extension of the gas-fired power generation unit's shutdown, which was due to end at the close of the year, will help the company direct gas to consumers who have otherwise been unable to secure supply.

Outside of planned outage work in October, Unit 5 can be available with a callback period of three to five days, subject to fuel availability and market demand, the company said.

The company's New Zealand shares were down nearly 2% in recent Tuesday trade.

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