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Meridian Energy Limited ( (MDDNF) ) has provided an announcement.
Meridian Energy Limited has entered into a strategic energy reserve agreement with Genesis, Mercury, and Contact to establish a reserve at Huntly Power Station. This initiative is a response to last year’s significant gas shortage and aims to enhance the security of New Zealand’s electricity supply and price stability. The agreement, which is pending Commerce Commission review, is expected to be operational by January 2026. It highlights the collaborative efforts of major energy players to manage dry-year risks and ensure reliable electricity supply for the next decade.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company operating in the energy industry. It is listed on the NZX and ASX stock exchanges and focuses on renewable energy generation.
For detailed information about MDDNF stock, go to TipRanks’ Stock Analysis page.