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

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news