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

 


TrustPower Welcomes Mahinerangi Wind Farm Decision

Media Statement from TrustPower Limited
1 October 2007

TrustPower Welcomes Mahinerangi Wind Farm Decision

TrustPower has welcomed the Resource Consent application decision, giving its Mahinerangi Wind Farm the green light.

Chief Executive Keith Tempest says TrustPower will now wait until the appeal period is over, before reviewing the business case for the project and then progressing with detailed design.

“Wind farm construction is very dependent upon windows of opportunity, where things like exchange rate, turbine price and turbine availability all have to coincide, and until legislation is passed, there remains some uncertainty regarding the application of the proposed carbon trading regime. In addition, South Island projects such as this have the additional burden of having to overcome the hurdle of HVDC or Cook Strait cable charges, even although they are intended primarily to supply electricity to the local region.”

TrustPower’s proposed 200 MW Mahinerangi Wind Farm, which could ultimately supply enough electricity for 100,000 homes, is expected to be built in stages.

Due to its location adjacent to the lake supplying TrustPower’s four-station Waipori hydro scheme, the wind farm will allow TrustPower to make best use of both the wind and hydro resources. Because it will feed directly into existing line connected to Dunedin’s Halfway Bush substation, it will improve efficiency and security of supply, and free up electricity currently imported into Dunedin from Roxburgh and the Waitaki system for use elsewhere.

The total cost of the 200MW wind farm is expected to exceed NZ$400 million.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Real Estate: Housing Prices Head South In Most Of NZ

Housing became more affordable for first home buyers in many parts of the country including Auckland last month, as falling prices more than offset rising mortgage interest rates. More>>

ALSO:

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:

NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news