Monday, June 3, 2013

New Zealand:

Mighty River Power Quarterly Operational Update for the Three Months Ended 31 March (News Release)

Highlights include the following: Mighty River Power is continuing the commissioning program for its latest geothermal development; the 82 MWe Ngatamariki power station, located near Taupo.

First power to the grid was delivered in late March 2013 and the commissioning process has so far brought two of the four generating units online. During this commissioning phase, output from the station has been up to 40 MWe. The next two generating units are planned to come on-line in June.

Consistent with the Offer Document, the project is on track for completion in mid-2013 and contributing to the Company’s earnings in FY2014.

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