Overview

Genesis Energy Limited is a New Zealand-based publicly listed company that is a mixed-ownership model entity, partly-owned by the National Government of New Zealand and partly-owned by shareholders. The company derives its revenue from generating, distributing and retailing electricity, natural gas, and LPG. Genesis Energy Limited employs 820 people across its operations in New Zealand and is administered by its head office in Greenlane, Auckland.

The company is listed on both the New Zealand Stock Exchange and the Australian Securities Exchange under the code GNE. 

Genesis Energy Limited derives its revenue from supplying energy (electricity, natural gas and LPG) to households and businesses. The company generates electricity and natural gas and divides its operations into the four following categories: 

  • Customer - Supply of electricity, gas and LPG, and related services to end-user consumers.
     
  • Kupe - Exploration, development, production and supply of gas, LPG, petroleum and light oil.
     
  • Corporate - Fuel management, property rental, human resources, finance and other business functions.
     
  • Wholesale - Supply of electricity, gas and coal to the wholesale electricity market. Generating and supplying electricity and other related products. 

In addition, Genesis Energy has a 46% interest in the Kupe Joint Venture which owns the Kupe oil and gas field in the offshore Taranaki basin. 

 

 

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