A head of steam on power station expansion
Lucie2018-05-30T13:21:09+12:00It’s full steam ahead for the expansion of the Ngawha geothermal power station following major transaction approval from the Top Energy Consumer Trust and Top Energy Board. Top Energy Chief Executive Russell Shaw says this was the final hurdle the company had to pass to commit to a construction programme to expand the station to 53MW by June 2021. Bank funding has been secured for an estimated total project cost of $175million. The company is keen to retain local ownership by using bank funding. While constraining the company’s capital expenditure in the short term the investment will ensure benefits from [...]