The payout debate is back in the headlines, sending “concerned” citizens into paroxysms of rage.
Founding chief executive of Mighty River Power to leave the company after 16 years at the helm.
"No CEO can be effective in a role after 16 years ... the man needs to step aside and let some of the younger talent come through and shine."
State-owned electricity company is dissolving a five-year-old investment partnership in American and German geothermal developments, taking 100% control of development opportunities in Chile and a 20% interest in a Californian geothermal producer.
Fund manager meetings in Sydney and Melbourne suggest a dual listing for MRP's expected $1.5 billion equity raising.
MightyRiverPower expects electricity from its latest geothermal development to be lower than costs normally assumed for such power stations and well below that of new wind farms.
Sign up for NBR subscriber content or email alerts
The easiest way for subscribers to stay logged in is to click the "Remember Me" option on the Member Log In box on the top right of this page.