Mighty River Power, a New Zealand based geothermal energy developer, has been granted resource consents, along with its partner company Tauhara No. 2 Trust, to construct and operate the Ngatamariki Geothermal Power Station. The proposed 110 MW power plant, to be located near Taupo, is planned for completion just ahead of winter in 2013. It represents a USD 400 million investment, and will be developed by the Rotokawa Joint Venture (formed between Mighty River and Tauhara No.2 Trust).
The Ngatamariki Geothermal project will be the third geothermal energy project for Mighty River Power and the second for Tauhara No.2 Trust, and will contribute to an overall total of 500 MW of geothermal capacity operated by Mighty River once completed.
At the moment, 14% of New Zealand's electricity comes from geothermal energy sources.
[source: Mighty River Power]