![Tiwai fallout: What the deal means for power prices, politicians and investors?](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Tiwai fallout: What the deal means for power prices, politicians and investors?
Few questions hang over New Zealand's economy quite like Tiwai Point's future.
Few questions hang over New Zealand's economy quite like Tiwai Point's future.
Ongoing drought conditions have affected New Zealand hydro-power generation capacity.
Dry weather has driven Mercury to reduce its 2021 earnings forecast.
The closure of the Tiwai Point smelter will usher in a new era for NZ's power generators.
"It's something different and interesting that we don't often do."
Shares in Fletcher Building and Mercury Energy rallied sharply on the news.