Contact selling gas plant to dedicated operatorKEVIN STENT/STUFF Contact Energy chief executive Dennis Barnes. Contact Energy is selling its Ahuroa Gas Storage plant for $200 million to Gas Services NZ with a long term agreement to keep using it. Contact would receive a reduction on its use payments to Gas NZ as more customers used the plant, Barnes said. READ MORE:* Contact Energy latest to bundle power with broadband* Contact Energy in profit but dry winter takes tollThe balance of the $200m proceeds will go to pay down Contact's debt. It has invested $58m in its development and last year spent $6m operating the gas plant.

Source: Stuff December 20, 2017 23:26 UTC