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


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news