Mercury NZ Ltd (OTCPK:MGHTF)

$ 4.1 0 (0%) Market Cap: 5.85 Bil Enterprise Value: 6.91 Bil PE Ratio: 222.67 PB Ratio: 1.95 GF Score: 83/100

Mercury NZ Ltd Investor Day Transcript

Nov 12, 2019 / NTS GMT

Release Date Price: $2.53

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Mercury Update on its Turitea. (Operator Instructions) Please be advised that today's conference is being recorded.

I'd now like to hand the conference over to your first speaker today, to Mr. Fraser Whineray. Thank you. Please go ahead.

Fraser Whineray

Mercury NZ Limited - CEO

Thank you very much. (foreign language). And thanks, everyone, for joining this conference call this morning for the -- to cover off the announcement we made to the NZX at 8:30, that we're going to conclude the balance of the Turitea wind farm, which is about 80% of the size of the first part and through to the second half of 2021 for a final commissioning for the entire project. That project will end up being New Zealand's largest wind farm, currently, and will be representing a total investment of some $450 million is what we've planned for.

So we're very pleased to announce that. It has been like the first stage, some time in the making, though we are -- we felt the synergies with the existing

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