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The next question we should ask, which I do not know the answer to, is the weather systems for Manapouri and Twizel. I THINK that they are two separate systems. So Twizel could be lacking water, but Manapouri still has oodles of rain. Hence the value of Meridian getting its hands on spare capacity from Tiwai. It looks to me as if only supplying 400MW to Tiwai is very good business for Meridian. Which makes me scratch my head as to why the share price is not looking very happy. Any ideas?
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