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Contact eyes multibillion-dollar Stratford datacentre as key to new power demand
['Ian Llewellyn']
BusinessDesk | NZ breaking news and commentary on business, NZX and politics
Contact’s former TCC site might become home to a multibillion-dollar datacentre.
(Image: NZME)Contact Energy is looking to stimulate the electricity demand needed to keep its renewable construction programme moving, with its proposed Stratford datacentre – potentially a multibillion-dollar project – a key test of the strategy.
On Monday, Contact reported its net profit rose 28% to $423 million in the year to June as ebitdaf rose 31% on an underlying basis to $1,011m.
The company forecast normalised ebitdaf of $1,045m for FY27 and signalled its dividend would rise to 42 cents a share.The result came as the electrici...