Channel Infrastructure NZ Limited Secures Long Term Renewable Electricity Supply
extend for a further 2.25 years to 31 March 2032 at the option of Channel. The electricity price is fixed1 over the contract term and implies an annual electricity supply cost of CAD 6 million per annum (based on estimated electricity consumption) over the initial 6-year contract term, and, if the option
to extend is exercised, CAD 5.5 million per annum over the subsequent 2.25-year period. This represents a saving of over $2 million per annum over the initial contract term against the 2023 contracted supply price.