Meridian and NZAS Conditions Precedent Update
Release
Meridian Energy Limited (ARBN 151 800 396) A company incorporated in New Zealand
287- 293 Durham Street North, Christchurch 8013
meridianenergy.co.nz
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Meridian and NZAS Conditions Precedent Update
19 June 2024
On 31 May 2024 Meridian Energy and New Zealand’s Aluminium Smelter (NZAS) signed a package of
conditional 20-year contracts for the Tiwai Point smelter’s future electricity needs. One of the
conditions was the Electricity Authority providing clearance under the materially large contracts regime
of the Electricity Industry Participation Code 2010. The Authority has now provided clearance. Other
conditions precedent remain outstanding. Meridian will make a further announcement when and if
those conditions are met.
The contracts will take effect from the later of 1 July 2024 and the date all conditions precedent are
satisfied or waived. If the conditions precedent are not satisfied or waived before 31 December 2024
the contracts will not come into effect.
Copies of the contracts are available at https://www.meridianenergy.co.nz/about-
us/investors/reports/nzas-contract
ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited
For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Philip Clark
Head of Communications
027 838 5710
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- CEN — Contact Energy Limited: NZAS long term agreement unconditional2024-07-02
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- SPN — South Port New Zealand Limited: South Port NZ Ltd - 2024 Annual Report2024-09-12
“Upon signing, Mercury NZ Executive GM Portfolio, Phil Gibson, said it represents a significant stepping stone for further renewables development� “This agreement gives us confidence to move fast on our commitment to bringing more renewable energy options to New Zealand�” Me…”
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