Mighty River Power today confirmed it will build a $466 million geothermal plant north of Taupo.
General manager of development Mark Trigg said the plant, with an initial output of 82 megawatts, would be built on the Ngatamariki geothermal steam field 17km north-east of Taupo, a world-class geothermal resource.
"This is another important milestone in our domestic development pipeline and one of our big goals for 2011. It¹s great to see another major project underway for us in New Zealand, so soon after Nga Awa Purua and Kawerau."
Mr Trigg said the Ngatamariki plant would provide additional reliable renewable capacity and further diversify Mighty River Power¹s generation portfolio, with increasing geothermal generation complementing the Company¹s original core hydro base.
The development, which follows the commissioning of Kawerau (2008) and Nga Awa Purua (2010), will lift Mighty River Power¹s geothermal energy production, measured on ownership interests, from over 30% to more than 40% of the company¹s generation output, and lift total geothermal capacity under its operation above 460MW.
NBR staff
Wed, 08 Jun 2011
Wed, 08 Jun 2011
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Mighty River Power confirms $466m Taupo plant
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