RNE 33.3% 0.4¢ renu energy limited

those flinty kiwis

  1. 406 Posts.
    things are cheap in the land of the long white cloud, eh bro?

    Wonder if the Kalina cycle was looked into for this project?


    HEADLINE NEWS
    Origin's Contact Confirms Binary Geothermal Plant
    By RWE Australian Business News, 19 Nov 2007


    Sydney - Monday - November 19: (RWE Australian Business News) -
    New Zealand-listed Contact Energy Ltd, which is 51.36pc-owned by Origin
    Energy Ltd (ASX:ORG), today confirmed it intended to develop a
    20-megawatt geothermal electricity generation binary plant at Centennial
    Drive in Taupo.
    Speaking at the 29th annual geothermal workshop in Auckland,
    chief executive Mr David Baldwin said the plant was already covered by
    resource consents held by Contact.

    "This project will take geothermal steam from the Tauhara
    steamfield and produce enough renewable electricity to power nearly
    20,000 homes.

    "The project is expected to cost around $NZ75m, including the
    associated steamfield work, and the goal is to have the plant up and
    running in 2009," he said.

    "While this is a relatively small power station, the baseload
    nature of geothermal electricity will see this project make a valuable
    contribution to renewable electricity generation from the Taupo region."
 
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