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Contact to supply a portion of Tiwai's electricity

Contact Energy

Contact Energy Limited (Contact) announced today that it has signed a financial contract with Meridian Energy which forms a portion of the electricity required by New Zealand Aluminium Smelters to operate its Tiwai smelter with the following key terms:

- 80MW

- Minimum of 4 years and a maximum of 14 years commencing 1 January 2017

- Provision of associated risk management from Meridian to Contact under certain limited circumstances

"We are pleased that we have been able to support the continued production of aluminium at Tiwai", said Dennis Barnes, Contact’s Chief Executive.