Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Mighty River Power Buys NGC Methane Share

28 February 2002

Electricity generator Mighty River Power has bought out Natural Gas Corporation's share in the Hutt Valley Silverstream methane gas power station, increasing its shareholding from 46.5 to 93 per cent, and consolidating its position as the country's largest owner and operator of this type of generation.

The purchase from NGC brings Mighty River Power's market share of landfill methane generating plant to 85 percent. The 3MW Silverstream plant, a partnership with Hutt City Council, is the third largest power station of its type in New Zealand, providing 13 per cent of total generation from this source.

Mighty River Power's generation development manager Mr Stuart Lush says the move demonstrates Mighty River Power's continuing commitment to environmentally responsible generation, including harnessing the methane gas produced as a by-product of landfills.

In partnership with EnviroWaste Services Ltd, the company also owns and operates a 3 MW station at the Rosedale Road landfill site and a 5 MW station at Greenmount, both in Auckland. These are the two largest methane gas generation stations in the country.

Methane conversion at these three plants reduces atmospheric emissions by the equivalent of nearly 400,000 tonnes of carbon dioxide, therefore providing a significant contribution to greenhouse gas reductions.

Mr Stuart Duncan, Hutt City Council's general manager, asset management, says the council is committed to using gas generated through landfill activity in an environmentally acceptable way.

"It not only puts power into the national grid, but delivers considerable savings for us as a Council, because we would otherwise have to flare the gas ourselves. The more substantial involvement of a committed energy company in this partnership is a win-win situation for everyone."

Mighty River Power is committed to developing alternative, renewable energy sources and leading the way in converting waste methane energy at landfill sites to electricity, says Mr Lush.

The plants complement Mighty River Power's hydro electricity production in the Waikato, its geothermal interests at Mokai and Rotokawa in the central North Island, and its 50 per cent interest in the 120MW natural gas fuelled, co-generation station at Southdown in Auckland.

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>