Ann: GENERAL: MRP: Resource Consents Granted For

• Release Date: 25/06/12 13:59
• Summary: GENERAL: MRP: Resource Consents Granted For Wind Development at Puketoi
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MRP
25/06/2012 11:59
GENERAL

REL: 1159 HRS Mighty River Power Limited

GENERAL: MRP: Resource Consents Granted For Wind Development at Puketoi

Mighty River Power announced today that resource consents have been granted
for a proposed 53 turbine wind farm on the Puketoi Range, 40 km south of
Dannevirke.

Mark Trigg, Mighty River Power's General Manager Development, said the
Company was pleased with the decision, which represented many years of hard
work and community consultation, and reflected the quality of the resource at
Puketoi and significant support for the project within the local area.

"We want to thank those local residents who took the time to engage in this
process and express their views.  The views of the community are important to
us and we have worked to accommodate feedback where possible," said Mr Trigg.

The resource consents include provision for a transmission line to link the
Puketoi project to the National Grid.  At full capacity, the proposed
development could provide sufficient electricity to power the equivalent of
150,000 homes.

Mighty River Power has previously indicated that with New Zealand's
electricity demand currently back at 2008 levels consented projects are
unlikely to come to the market in the short term.

However, Mr Trigg said the decision provided the Company with a future
development option for renewable generation in New Zealand at a site where
the wind resource is of "exceptional quality".

"Given the multi-year lead time to prepare opportunities and secure resource
consents, we continue to take a long-term view, ensuring we are ready to
commit to projects quickly as economic growth - and therefore electricity
demand - recovers.

"Our immediate focus is on the completion of the Ngatamariki geothermal plant
near Taupo, which we expect to be commissioned in mid-2013," said Mr Trigg.

ENDS

Notes to Editors:

As per resource consent processes, the awarding of resource consents for the
Puketoi Wind Farm is subject to an appeal period of 15 working days.

About Mighty River Power:

Mighty River Power is an integrated electricity generator and retailer, and
New Zealand's only large renewables-dominated energy company with both hydro
and geothermal generation. Our core business is based on reliable, low fuel
cost generation, complemented by electricity sales to businesses and homes
through multiple retail brands.

The Company's sales to major industrial and commercial users and through our
retail brands, Mercury Energy, GLO-BUG, Bosco Connect and Tiny Mighty Power,
account for about 18% of New Zealand's total electricity consumption.

More than 90% of our generation is from renewable sources, with a substantial
geothermal share, supported by a flexible gas-fired plant in Auckland. Mighty
River Power is among the world's top 10 owners of geothermal power stations
commissioned over the past decade and is investing through GeoGlobal Energy
in geothermal developments in the US, Chile and Germany.

Mighty River Power won Overall Energy Company of the Year and Project of the
Year at the 2010 Deloitte Energy Excellence Awards and in 2011 was named
Energy Retailer of the Year (Mercury Energy).

Mighty River Power is currently a 100% State-owned Enterprise, operating as a
Commercial Priority Company within the Crown's portfolio.

For further information on Mighty River Power visit www.mightyriver.co.nz

For further information please contact:
Lucy Jackson
Mighty River Power Communications
Tel: 0272 105 337
End CA:00224238 For:MRP    Type:GENERAL    Time:2012-06-25 11:59:42