Overview

Genesis Energy Limited is a New Zealand-based publicly listed company that is majority state-owned. It derives its revenue from generating, distributing and retailing electricity, natural gas, and LPG. The company is administered from its head office in Greenlane, Auckland and employs approximately 930 people throughout its operations in New Zealand.

Genesis Energy is a mixed ownership model company being partly-owned by the National Government of New Zealand and partly-owned by shareholders. It is listed on both the NZX and the ASX under the code GNE.

Genesis Energy Limited primarily derives 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 Experience: Supply of energy and related services to end-user consumers.
  • Oil and Gas: Exploration, development, production and supply of gas, LPG, and light oil.
  • Corporate: Fuel management, property rental, and other business functions.
  • Energy Management: Wholesale electricity, gas and coal. Generating and supplying electricity and other related products.

In addition, Genesis Energy has a 31% interest in the Kupe Joint Venture which owns the Kupe oil and gas field in the offshore Taranaki basin.

 

 

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