Potline 4 contract to remain suspended until expiry

Release






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287-2 9 3 D u r h a m S t r e e t N o r t h , C h r i s t c h u r c h 8 0 1 3

m e r i d i a n e n e r g y . c o . n z
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Potline 4 contract to remain suspended until expiry
26 September 2022
New Zealand Aluminium Smelters Limited (NZAS) has elected not to recommence the suspended
50MWh per hour potline 4 contract between Meridian and NZAS. If NZAS wished to recommence
potline 4 operations under the contract, NZAS was required to provide notice to Meridian on or before
25 September 2022. No notice has been provided. Accordingly, the contract quantity under the
potline 4 contract will remain at zero until 31 December 2022, when the contract expires.
The potline 4 contract is a separate contract to the main electricity agreement between Meridian and
NZAS. In April 2020, NZAS exercised its right to suspend the potline 4 contract and reduce the
contract quantity to zero. This suspension period was subsequently extended on a number of
occasions.
ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited









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