Contact Energy announces $400m equity raise to fund Tauhara geothermal project
The listed energy company also reported a 32% profit uptick.
Contact Energy will go ahead with building its new Tauhara geothermal plant, backed by a $400 million capital raise as the power giant posts increased half-year earnings and net profit.
The listed company’s bottom line for the six months to December 31, 2020, was up 32% to $78m while earnings
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