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Contact Energy Limited ( (COENF) ) has provided an update.
Contact Energy has secured a contract with the Ministry of Business, Innovation and Employment to supply 1.65 PJ of gas annually to government agencies and institutions from October 2025, ensuring energy security for essential services like schools and hospitals. This deal, supported by a previous agreement with Greymouth Gas New Zealand Limited, aligns with Contact’s strategy to facilitate a transition to renewable energy, backed by a $2 billion investment in renewable infrastructure.
More about Contact Energy Limited
Contact Energy Limited operates in the energy sector, providing electricity, natural gas, and renewable energy solutions. The company focuses on transitioning from fossil fuels to renewable energy, supporting New Zealand’s economic growth and sustainability goals.
Find detailed analytics on COENF stock on TipRanks’ Stock Analysis page.