Hard to know what that meant. Had to look further back in the announcement to see what an IPP was. When I did...well, I really wasn't much wiser.
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IPP = Independent Power Producer. Assume this is because they are not a public owned (or part owned) 'Gentailer'
Spark sign PPA with GNE
https://www.nzherald.co.nz/business/...MSDAVQVAY3DHA/
Trading Halt! Any ideas? Hope it's a takeover hope it's not a liquidation, haha, oh no.
Interesting that IFT has not been put in a trading halt.. maybe the trust is selling out?
No movement on IFT SP.
Manawa has requested this trading halt to allow it to reconsider its earnings outlook, which is
likely to be lower than the earnings guidance announced to the market on 20 May 2024 as a
result of:
(1) the likelihood that a provision will be necessary as a result of the uncertainty regarding
recovery of a customer receivable; and
(2) adverse market conditions in the wholesale energy markets.
https://www.nzx.com/announcements/435775
Not good news!