Contact Energy - CEN Chart

[Jantar]

Thanks for the timing correction Jantar. I am curious why such an upgrade was approved while Tiwai was very much a going concern, with a solid track record of 25 years in business. Are you able to offer any insight on why such a Transpower upgrade would be approved, when it seemingly wasn't a priority for the previous 25 years?

SNOOPY

It is likely that the Tiwai announcement sped the process up a bit. The upgrade was planned around the time that Meridian were planning Project Hayes. There were public meetings at the time in Alexandra and Ranfurly to discuss the impact on land owners along the route. The first stage of the upgrade took 2 years and involved duplexing the line between Roxburgh and Clyde, and thermal tensioning of the line between Clyde and Twizel. This was completed about 3 years ago. A change in the protection system at Roxburgh allowed a further increase in the power transfer north from Roxburgh. Duplexing the Clyde - Twizel circuits was always planned for 2021 and the duplexing of the Roxburgh - Naseby - Livingston circuit was to be the final stage in around 3 years time.

The reasons for the upgrade were because of the new wind farms planned for Otago. Even though Project Hayes was cancelled, the Mahinerangi wind farm has already completed stage 1, but the next 2 stages cannot go ahead until there is sufficient transmission capability. Add in Kaiwera Downs wind farm and that is a lot of energy to try and get out of the lower South. With Tiwai closing it is likely to delay Mahinerangi even further unless Onslow gets built.

[Jantar]

..
If the power was distributed to Auckland my understanding is that there would be 50% energy loss in transmission?...

Try 8% loss.

[bung5]

Are we going to talk about this share price rally or just keep pretending everything normal

[Snoopy]

Are we going to talk about this share price rally or just keep pretending everything normal

Elon Musk has just announced that his southern hemisphere manufacturing plant for the Tesla model 3 and model Y is to be located in Bluff New Zealand, thus filling the hole to be left by Tiwai and some! How could you have missed that news?

To answer my own rhetorical question very easily because none of the above is true. Or maybe it is true but only the 'insiders' know so far ;-). Nevertheless I can't think of any logical reason why the CEN share price should suddenly bust through $10. All I can say is I was on the CEN share register on day one and have gradually built my holding up in the ensuing years, vowing never to sell any. I am for the first time considering 'breaking my vows;'

SNOOPY

[850man]

up 8% today, anyone know what's driving it?

[winner69]

up 8% today, anyone know what's driving it?

Insatiable desire for NZ energy stocks .....almost lustful .....just following the others

Good eh ....cant go wrong at the moment

[bull....]

@Bull........ Both CEN & MEL starting to look like Gold

https://www.goodreturns.co.nz/articl...urs-swirl.html

too true , i said rocking close of cen last div but now im gone too these prices too good to be true lol only mcy left lol

get your income why you can was so true last year and now it has delivered bigggg time

[dreamcatcher]

too true , i said rocking close of cen last div but now im gone too these prices too good to be true lol only mcy left lol

get your income why you can was so true last year and now it has delivered bigggg time

Thanks for finding @Bull always felt Cen & Mel were sleeping giants.........

[Simsee]

Thanks for finding @Bull always felt Cen & Mel were sleeping giants.........

I note today CEN closed up 7% on nzx.
Wow I thought until I glanced at the ASX close up 14%.

[dreamcatcher]

I note today CEN closed up 7% on nzx.
Wow I thought until I glanced at the ASX close up 14%.

NZ High $11.10 closed $10.60.................. Aus closed higher but 22k volume