Contact Energy Ltd (FRA:BZB)

€ 4.8 0.08 (1.69%) Market Cap: 4.01 Bil Enterprise Value: 4.95 Bil PE Ratio: 28.43 PB Ratio: 2.56 GF Score: 70/100

Contact Energy Ltd Tauhara Project Update Call Transcript

Feb 08, 2022 / 12:30AM GMT

Release Date Price: €4.58 (+0.88%)

Transcript

Matthew Forbes

Contact Energy Limited - IR Manager & GM of Corporate Finance

Good morning, and welcome to the Tauhara project update here at Contact Energy. Today, we're going to have our CEO, Mike Fuge, give an update on the Tauhara project 1 year in and joined by our CFO (inaudible). Over to you, Mike.

Michael Fuge

Contact Energy Limited - CEO

Thanks, Matt. And look, the purpose of today is just to bring you up to speed with the project. We're coming into the end of the drilling campaign. We've got a fair chunk of the contract well and truly contracted now, and we did think it was an opportune time just to give you an update. So we want to [go] straight into it.

In terms of project and it's -- the world in which it's going to operate and the economics, the market conditions have materially improved over the last 12 months. And the decarbonization demand, we expect to accelerate the resource itself, which Dorian will talk to, is absolutely world class, and that has enabled us to upgrade the expected station output to 168 megawatt.

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