Genesis Energy says fresh Crown investment into the power generator will go towards building infrastructure. 

The Government's confirmed it will put up to $200 million dollars - letting it retain its 51 percent shareholding, as Genesis launches a capital raise.

Chief executive Malcolm Johns says the money will speed up its ability to build.

"We're gonna build some solar farms, some grid-scale batteries and some wind, and extend the life of Huntly Rankines."

LISTEN ABOVE

Genesis Energy says fresh Crown investment into the power generator will go towards building infrastructure.&nbsp;
The Government's confirmed it will put up to $200 million dollars - letting it retain its 51 percent shareholding, as Genesis launches a capital raise.
Chief executive Malcolm Johns says the money will speed up its ability to build.
"We're gonna build some solar farms, some grid-scale batteries and some wind, and extend the life of Huntly Rankines."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Malcolm Johns: Genesis Energy CEO on the Government investing more money into the business

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d0203da5-3eb0-40f1-86f0-b3fa004f8364/transcript