It’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 [...]
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Another step towards the expansion of the Ngawha power station has been achieved with recent approval of final resource consents. Top Energy applied for a variation on existing consents which were granted by the Environment Court in February 2016 after it purchased 184 hectares of land adjacent to its Ngawha operations. The final consents were granted in July and will last 35 years. Chief Executive Russell Shaw says the land offers clear advantages for the running of the power station. “We couldn’t ignore the benefits the new block offered”. “The land is located over the highest temperatures in the geothermal [...]