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| Courtesy Top Energy |
Lines company Top Energy says a $300 million expansion of its geothermal development at Ngawha will fundamentally change the shape of its business and enable it to slash electricity costs for the region’s 64,000 residents.
The firm is on track to commission a 32-megawatt generator at its site near Kaikohe in October 2020 – eight months earlier than planned. Recent drilling has confirmed the potential of the field and, subject to further monitoring, the firm expects to proceed with another 32 MW unit on the same field after 2023.
“This is the game-changer,” says Chief executive Russell Shaw.
“We will go from being one of the highest cost regions for lines to one of the lowest. It moves us from one end of the spectrum to the other.”
From the Global Geothermal News archives:
- Monday, September 24, 2018 - New Zealand: Testing Begins at 28 MW Ngāwhā Geothermal Power Plant Extension Project
- Thursday, May 10, 2018 - New Zealand: Drilling for 28 MW Extension of Ngāwhā Geothermal Power Station to Resume
- Monday, December 11, 2017 - New Zealand: 28 MW Expansion of Ngawha Geothermal Power Station to be Completed by 2021
- Thursday, May 16, 2013 - New Zealand: Ngawha's Geothermal Power Plant Expansion Promises Economic Boost
