About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds
 
Support our sponsors:
sharemarket
NZX 50 Index 3352.51 25.80
S&P/ASX 200 4254.50 28.40
Dow Jones Industrials 12890.50 6.50

Contact lodges geothermal consent application under new fast-track rules

Friday 19th February 2010

Text too small?

Contact Energy application for a fast-tracked resource consent for the 250 megawatt Tauhara geothermal power station will be the first to be considered by Environment Minister Nick Smith under the new, streamlined Environmental Protection Authority process. 

Contact announced the consent application to the EPA this morning, under a new process whereby applicants seek ministerial approval through the EPA for a decision within nine months.  The changes are a key part of Smith's "phase one" Resource Management Act returns to speed up applications for infrastructure of national significance. 

The company spent between six and seven years renewing resource consents for existing plant at the Wairakei geothermal steamfield and the Clyde Dam on the Clutha River, and is anxious not to repeat the experience.  It gained a consent to replace the 168MW Wairakei plant with a 220MW plant nearby at Te Mihi relatively quickly, but deferred a construction start date last year as electricity market conditions softened. 

Chief executive David Baldwin said the company would be presenting the results of "a comprehensive and world-leading study of land subsidence in geothermal areas that Contact has undertaken over the past two years."  

"The results of this work give Contact confidence that land subsidence will not be an issue with the development." 

Subsidence on the outskirts of Taupo was a major issue in the Wairakei consenting, although Contact contended successfully that there was no link between its geothermal extraction at Wairakei, on the opposite site of the town. The Tauhara plant is the second stage of developments in the Tauhara geothermal steamfield, which is adjacent to the Wairakei resource. 

Stage one was the 23MW binary plant, which is close to completion. 

 

 

 

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
Bookmark and Share   Printable version
Related News

Contact considers offer to quit Queensland power station
History repeats as Contact buys Whirinaki peaker plant for $33 mln
Contact Energy changes directors' shareholding rules
Big discounts stop Contact Energy's exodus of customers
Contact Energy underlying earnings edge up
Daily ShareChat: Contact Energy
Daily ShareChat: Contact Energy
Daily ShareChat: Contact Energy
Daily ShareChat: Contact
Contact CEO bonus up despite performance fall

Get quotes for Contact Energy Limited Ordinary Shares (CEN)
NZX Annoucements for CEN
25 Jan 2012 MONTHLY: CEN: December 2011 Operational Data & HY Results Announcement
18 Jan 2012 GENERAL: CEN: CEN completes disposal of 25% interest in Oakey
 
Contact Energy Limited Ordinary Shares

Current quote:
CEN $4.93 +12
Quotes delayed 20 minutes
Price when article published: $5.60

Previous News
FREE Email News
Breaking News 
After the Bell (daily) 

Unsubscribe/Update »

RSS feeds »
Twitter »
Facebook »

Stock Quote

Exchange: Stock Code:

Don't know the stock code? Search by keyword:

Today's Market Numbers
NZX 50 Index 3352.51 25.80
S&P/ASX 200 4254.50 28.40
Dow Jones Industrials 12890.50 6.50
Most Commented On
  forex centre
cfd centre
options centre
NZX 15 Index
AIA 2.50 0.01
ANO 0.88 0.01
CEN 4.94 0.12
CNU 3.34 0.03
FBU 6.75 0.17
FPH 2.15 0.02
GMT 1.02 0.00
IFT 1.89 0.01
KIP 1.05 0.01
MFT 10.23 0.10
RYM 2.84 -0.01
SKC 3.52 0.00
SKT 5.09 0.01
TEL 2.15 -0.01
VCT 2.60 -0.01

More market prices »

© Copyright 2012 Investment Research Group Ltd. All Rights Reserved.