Genesis Power Limited
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Genesis Power Limited is a New Zealand electricity generation and electricity retailing company. It was formed from the breakup of the Electricity Corporation of New Zealand (ECNZ) in 1999 as a result one of the reforms of the New Zealand Electricity Market and corporatised to become a state-owned enterprise with its own board of directors and Ministerial shareholders. The shareholders are the Minister of Finance and the Minister of State Owned Enterprises. It is the second dirtiest electricity retailer in NZ because it operates the only coal plant in the country. [1]
The company owns and operates hydroelectic generating stations on the Tongariro Scheme, namely Rangipo (120 MW) and Tokaanu (240 MW)and the Tuai, Kaitawa and Piripaua stations on Lake Waikaremoana (142 MW) as well as a coal thermal plant (1000 MW) on the Waikato River at Huntly power station. The company also has a windfarm and interests in small hydro and cogeneration schemes.
The construction of Genesis Energy's 385MW combined cycle gas turbine generator was launched on the 21st of February 2005 by the Prime Minister, the Rt Hon Helen Clark. The $520 million project, more commonly known as Huntly e3p, is one of the largest infrastructure projects currently underway in New Zealand. Commissioning is expected to be completed by December 2006.
Genesis is the largest combined gas and electricity retailer in New Zealand.
[edit] Infogen
It operates an internet service provider for its customers called Infogen. Albeit, Infogen charges prices higher than the average market price.
[edit] Energy Online
It also owns another electricity retailer Energy Online.
| New Zealand electricity retailers |
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Bay of Plenty | Contact/Empower | Genesis/Energy Online | King Country | Mercury | Meridian | TrustPower |
