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.
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From the Global Geothermal News archives:
From the Global Geothermal News archives:
- Monday, September 19, 2016 - New Zealand: Production Well and Two Injection Wells Completed at Te Ahi O Maui Geothermal Project
- Monday, June 20, 2016 - New Zealand: Drilling Starts at 20 MW Te Ahi O Maui Geothermal Power Project
- Thursday, May 19, 2016 - New Zealand: Ormat to Build 20 MW Te Ahi O Maui Geothermal Project
