Malcolm Johns: Genesis Energy CEO on the partnership with BT Mining to supply coal to Huntly Power Station
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There’s an expectation coal will become more popular as gas supply diminishes.
Genesis Energy's signed a two-year agreement with BT Mining to supply 240 thousand tonnes of local coal to Huntly Power Station amidst electricity shortages.
It's expected to boost the local economy and reduce reliance on Indonesian exports.
CEO Malcolm Johns told Mike Hosking they've bought all the local coal for Huntly until now – about ten thousand tonnes a year.
He says they now have a supply for ten thousand tonnes a month, economically competitive with Indonesian coal.
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