Meridian Energy Limited · NZX:MEL
Meridian Energy — Corporate Update (August 2022)
6 slides from Meridian Energy's corporate update, Aug 24, 2022
Slide 1: Harapaki Wind Farm Project Update
Harapaki Wind Farm Project Update 24 AUGUST 2022
Slide 2: Project overview and key suppliers
Project overview Key suppliers Supply, installation and maintenance Located within the Hastings of 41 x 4.3MW direct drive wind District, approximately 50km turbines drive from Port Napier Construction of all roads, turbine Extending over 9km of the foundations and crane hardstands Maungaharuru
Slide 3: Today's announcement
Today’s announcement $53 million (13%) increase in total project capital costs from the original $395 million announced in February 2021 to $448 million $53M Capital Cost Increase Electrical Works, 4% Project Management, 1% Original first power milestone of mid 2023 and full power by Erosion Rep
Slide 4: Project update
Project update Schedule Cost Capability On track 13% increase, from: On track Mitigations put in place to COVID enforced delays Use of multi contract approach adapt to delays from COVID with active management has Record high rainfall lockdowns allowed the application of Inflation lif
Slide 5: Harapaki key project metrics
Harapaki key project metrics February 2021 August 2022 Impact and notes Generation capacity 176MW 176MW ◼ unchanged Expected annual output 542 GWh 542 GWh ◼ unchanged Capacity factor 35% 35% ◼ unchanged Capital project costs $395M $448M ◼ 13% increase in costs $2.24M/MW $2.54M/MW Expected first powe
Slide 6: Disclaimer
Disclaimer The information in this presentation was prepared by Meridian Energy with they are not defined by GAAP or IFRS, Meridian's calculation of these due care and attention. However, the information is supplied in summary measures may differ from similarly titled measures presented by other for