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Mercury blames dry weather for earnings downgrade

Listed powerco says Kawerau geothermal outage an inconvenience.

Reweti Kohere Wed, 09 Jun 2021

Persistent dry weather in the central North Island is behind most of the $60 million downgrade Mercury has made to its full-year earnings guidance.

And while a recent unplanned outage at one of its geothermal plant is an inconvenience, the listed powerco does not see any long-term

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Reweti Kohere Wed, 09 Jun 2021
Contact the Writer: reweti@nbr.co.nz
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Mercury blames dry weather for earnings downgrade
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