Thursday, July 26, 2018

New Zealand: 25 MW Te Ahi O Maui Geothermal Power Station On Track for Commissioning Before Year End

Eastland Group’s geothermal power set to boost earnings (Gisborne Herald)

Eastland Group’s Te Ahi O Maui geothermal power station, near Kawerau, is largely complete and will boost the company’s earnings by $10 million a year, says chief executive Matt Todd.

The next stage is the commissioning of the power station, for which Eastland Group capitalised directly-attributable costs of $121 million in March 2018.

“The original business case had commissioning towards the end of the 2018 calendar year and we are on schedule to achieve that.”

Production from the plant, assuming a capacity of 25 MW, should be about 210 GWh a year.