FY25 Annual Report:
Maintaining focus in a challenging environment
Welcome to the Manawa Energy Annual Report for the FY25 year
We are pleased to present this report highlighting our achievements during FY25, demonstrating our continued emphasis on the health, safety and wellbeing of our people, operational excellence, and progressing our extensive asset investment and new development pipeline.
This report focuses on Manawa Energy’s achievements and progress against its strategy as an Independent Power Producer (IPP) throughout FY25. It includes detail of the continued emphasis on operational excellence and the progress made in relation to the asset investment programme and new development pipeline.
On 11 September 2024 Manawa Energy announced it had entered into a Scheme Implementation Agreement (‘SIA’) with Contact Energy Limited (‘Contact”) under which Contact agreed to acquire all of Manawa Energy’s shares through a Scheme of Arrangement ‘Scheme’.
The New Zealand Commerce Commission has since granted Contact clearance to acquire all of the shares in Manawa Energy under the Scheme. As a result, Manawa Energy will now proceed to hold a shareholder meeting for shareholders to vote on the Scheme. Manawa Energy currently anticipates that the scheme booklet (containing a notice of meeting, explanatory information, and an independent adviser’s report on the merits of the Scheme) will be released to NZX prior to the end of May (although this is subject to change).
The Manawa Energy Board thanks its people for their efforts and its shareholders and stakeholders for their ongoing support during another busy year.
You can view the full report here. Thank you for reading.
