Todd Energy fires up with new LPG gas plant

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Todd Energy is building on an expanding retail customer base with consent for a $65 million LPG plant to supply 45 kilo gas bottles for household use.

Planned to produce 27,000 tonnes of LPG a year, the plant will be built at its McKee Production Station site in Taranaki, producing LPG (as a natural by-product of gas extraction) sourced from its Mangahewa and Pokohura fields.

It plans to deliver LPG through its 50,000 customer-strong retail company, Nova Energy, across the North and South Islands.

This year, Nova Energy signed up 6000 new customers for dual gas/electricity, taking a larger stake in the total Wellington electricity market with a ramped up door-to-door marketing effort.

Todd Energy is the largest electricity generator from efficient gas-fired co-generation facilities in New Zealand, located in Edgecumbe, Kapuni, Whareroa and New Plymouth, but managing director Richard Tweedie said using the new LPG plant to fire electricity generation would not be economically viable.

Mr Tweedie said the new LPG production site was ideal, as it would maximise existing infrastructure from the McKee plant with a low impact on the area.

“Todd Energy has over 50 years’ experience in the Taranaki energy industry and we consider Taranaki our home. We will certainly ensure all reasonable steps are taken to minimise the impact of the project.”

The company is in the process of finalising contractors for the project, which has already gained resource consent.

Other projects in the pipeline include a hydro project on the upper Kaituna River, potential wind farms and investigation into new tidal-generation technologies.
 


This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7594 0.0000 0.00%
AUD 0.9719 0.0000 0.00%
EUR 0.6980 0.0000 0.00%
GBP 0.5015 0.0000 0.00%
HKD 5.8944 0.0000 0.00%
JPY 90.3750 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1179.0 -14.680 2015-04-24T00:
Oil Brent 65.3 1.460 2015-04-24T00:
Oil Nymex 57.1 -0.480 2015-04-24T00:
Silver Index 15.6 -0.190 2015-04-24T00:

Indices

Symbol Open High Last %
NZX 50 5757.9 5776.4 5757.9 0.13%
NASDAQ 5096.3 5100.4 5056.1 0.71%
DAX 11783.6 11881.0 11723.6 0.74%
DJI 18056.4 18108.9 18058.7 0.12%
FTSE 7053.7 7102.6 7053.7 0.24%
HKSE 27978.4 28089.4 27827.7 0.84%
NI225 20142.5 20142.5 20187.7 -0.83%