Meridian Energy

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Meridian Energy
legal form Limited
ISIN NZMELE0002S7
founding December 16, 1998
Seat Wellington
management Neal Barclay (CEO) since January 2018
Number of employees 1080
sales $ 3.491 billion NZ
Branch Energy industry , energy supply
Website www.meridianenergy.co.nz/
As of June 30, 2019

The company Meridian Energy is a majority state-owned company in New Zealand that in the energy industry and energy supply has been active in the country.

Business activities

The company is active in the generation of renewable energies and operates nine hydropower plants and three wind farms as of 2020 . As an energy supply company , it also supplies the main customer Tiwai Point Aluminum Smelter , an aluminum smelter in the south of the South Island , with electricity with a share of 40% and rural agriculture with a share of 36% and urban customers with a share of 24%.

history

Meridian Energy was incorporated on December 16, 1998 under the name Hydro Energy Limited and renamed Meridian Energy Limited on March 17, 1999 .

Shareholder

The company, although only 51.02% owned by the New Zealand state, is run as a state-owned enterprise by The Treasury , the New Zealand Ministry of Finance. Another 24.25% is owned by the Reserve Bank of New Zealand through New Zealand Central Securities Depository Limited, and the remaining shares are distributed through eight other companies.

Meridian Energy is traded in a variety of products on the NZX Equity Market (NZSX) of the New Zealand Exchange .

literature

  • Meridian Energy (Ed.): Integrated Report 2019 . Wellington June 30, 2019 (English, Online [PDF; 6.4 MB ; accessed on January 12, 2020]).

Individual evidence

  1. Management team . Meridian Energy Limited , accessed January 12, 2020 .
  2. 2019 Annual Report . 2019, p.  4 .
  3. 2019 Annual Report . 2019, p.  105 .
  4. ^ Meridian Energy Limited . The Treasury , accessed January 12, 2020 .
  5. Meridian Energy Limited (938552) Registered . In: Companies Office . Ministry of Business, Innovation & Employment , January 6, 2020, accessed January 12, 2020 .
  6. Meridian Energy Limited (938552) Registered - Shareholdings . In: Companies Office . Ministry of Business, Innovation & Employment , January 6, 2020, accessed January 12, 2020 .
  7. ^ Meridian Energy Limited (NS) . New Zealand Exchange , accessed January 12, 2020 .