Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Meridian Energy Limited ( (MDDNF) ) has shared an announcement.
Meridian Energy Limited has announced plans to replace five transformers at the Manapōuri Power Station over the next two and a half years following advice from independent experts. The decision comes after issues were identified with similar transformers supplied by Wilson Transformer Company, which had to be removed from service due to elevated gassing. Meridian is confident that the replacement will have limited to no impact on generation capacity and is working closely with engineering teams to ensure a swift and safe transition. Discussions with Wilson Transformer Company are ongoing to resolve the issues.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company operating in the energy sector, primarily focusing on renewable energy generation. The company is listed on the NZX and ASX stock exchanges.
See more data about MDDNF stock on TipRanks’ Stock Analysis page.