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- Release Date: 03/04/12 10:59
- Summary: JOINTV: MRP: REDUCTION IN PROJECT INTEREST IN GEOTHERMAL JOINT VENTURES
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MRP
03/04/2012 08:59
JOINTV
REL: 0859 HRS Mighty River Power Limited
JOINTV: MRP: REDUCTION IN PROJECT INTEREST IN GEOTHERMAL JOINT VENTURES
Mighty River Power today confirmed that, pursuant to agreements with the
Tauhara North No.2 Trust signed in 2007, its project interest in the Nga Awa
Purua and Rotokawa Joint Ventures had reduced through a sale of a 10%
interest for $40.5 million to the Tauhara North No.2 Trust (via its
investment vehicle, Tahumatua & Co LP). Mighty River Power now holds a
project interest of 65% in the Nga Awa Purua Joint Venture.
The Trust acquired its initial 25% interest at the time of signing the
project agreements in 2007.
End CA:00221494 For:MRP Type:JOINTV Time:2012-04-03 08:59:50
