Channel Infrastructure invests NZ$30m in Marsden Point for energy precinct vision

Channel Infrastructure NZ Limited announced a NZ$30 million investment at Marsden Point for critical infrastructure upgrades to support the Energy Precinct redevelopment, with spending scheduled for 2026 and 2027. This investment, fully debt-funded and not impacting Normalised Free Cash Flows or dividends, includes relocating the control room and constructing a new combined administration building. This move optimizes the site for future tenants and ensures the resilience of supporting infrastructure, replacing an aged administration building where refurbishment costs outweighed benefits.

The redevelopment is crucial as progress continues on the Marsden Point Energy Precinct. The biorefinery project, a partnership with Seadra Energy, Qantas, Renova Inc, Kent Plc, and ANZ, remains on track for a final investment decision in 2026, with market sounding and debt raising planned for early 2026. Additionally, Channel completed the Front-End Engineering and Design (FEED) study for a proposed 72MW diesel-powered electricity peaking plant. This project will only proceed with a long-term contract following engagement with electricity market participants and assessment of consenting requirements.