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Challenged Pacific seeks expansion

PACIFIC Energy has increased its before-tax earnings guidance for the 2016 fiscal year, but while its EBITDA might be up by 5% to $35.6 million, the energy generator is warning that the market in 2016-17 will be much riskier as the company’s long dated contracts come up for renewal.

Haydn Black
Challenged Pacific seeks expansion

The business has 244 megawatts of contracted capacity, mostly in its Kalgoorlie Power Systems business unit, all of which should be spinning in 2016-17, but as its contracts come up for renewal Pacific...

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