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Channel Infrastructure NZ Limited (ASX:CHI)

ALERT: Price-sensitive ASX Announcement for CHI
Current share price for CHI : $2.630 0.17 (6.91%)+
Announcement
Release
20 Apr 2026 7:30AM
Price at Release
$2.460
Full Release
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Summary
Channel Infrastructure NZ Limited has entered into an agreement with the New Zealand Government to provide 93 million litres of additional diesel storage capacity at the Marsden Point Energy Precinct, aimed at enhancing New Zealand's fuel supply resilience. This storage capacity is expected to be operational by 31 May 2026, significantly accelerating its availability. The project will generate an additional $1.2 million in monthly revenue for Channel. The company has engaged multiple contractor partners to expedite the setup, ensuring a prompt and efficient project completion. Channel Infrastructure plays a critical role in supporting New Zealand's energy security through its infrastructure capabilities and plans for future growth, including renewable energy initiatives.
Key Points
  • Government contracts 93 million litres of diesel storage at Marsden Point.
  • Storage capacity to be available by 31 May 2026.
  • Channel Infrastructure to earn $1.2 million monthly revenue from storage.
  • Channel engaged contractors for a rapid project implementation.
  • Storage supports New Zealand's energy security.
  • Channel Infrastructure's role in future renewable energy projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.