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


There she blows

There she blows

Geotherm Group Limited has taken a giant step forward today in the development of its geothermal power station near Taupo with the initial discharge tests of the first exploratory well at a depth of 2031 metres.

Geotherm Chairman of Directors Alistair McLachlan said early indications from the well were very exciting.

“It is looking as if the temperatures and pressure for geothermal energy production in this field is even better than we anticipated.

“This first deep well gives Geotherm the confidence to proceed with the planned 60MW geothermal power station. The project will take two years to develop so could be ready for commission in November, 2008.”

Two of the world’s leading geotechnical experts from California were on hand to witness the event: Subir Sanyal from GeothermEX and Ann Robertson-Tait.

“Geotherm’s plant is designed to the highest environmental standards and will use the newest and most advanced technology to reinject thermal fluid at depth to maintain a renewable geothermal resource indefinitely.

“The development will help to increase the security and reliability of New Zealand’s electricity supply and improve efficiency in the market in an environmentally responsible and sustainable manner,” Mr McLachlan said.


© 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>>


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>>


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>>


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>>