Oct. 11 (Bloomberg) -- New Zealand electricity producers, including Contact Energy Ltd., will face a 10-year ban on the construction of new gas- or coal-fired generators to help the nation meet its Kyoto Protocol emission reduction targets.

The measures may affect NZ$1 billion ($760 million) of investment in two projects planned by Contact and government- owned Genesis Power Ltd. State-owned generators will be barred from building new gas-fired plants, and a decision on whether to extend the ban to Contact and other private generators will be made this year, Energy Minister David Parker said today.

Article in Bloomberg.com