Genesis Energy Limited (DE:1G6) has released an update.
Genesis Energy Limited projects an EBITDAF of approximately $460m for FY25, influenced by factors such as hydrological and gas availability, and plant operations. The company anticipates increased generation costs due to a predicted decline in daily gas production at Kupe, leading to greater reliance on costlier solid fuels. Genesis is advancing its long-term strategy, focusing on renewable energy and battery storage development, while preparing for an $80m investment in a battery project at Huntly Power Station.
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