You’ve got to love New Zealand. It has everything, stunning scenery, mountains, isolation, hobbits (it’s true) and shortly a $60m (NZ) geothermal power plant. That’s about £23m.
According to the Associated Press (reprinted on CNN Money), Contact Energy has contracted Ormat to build the power plant at Tauhara geothermal field in the center of New Zealand’s North Island. Construction is expected to be completed within 23 months from the contract date.
Whilst the AP had no figures on power, Bloomberg has stated the plant will be a 23.3 megawatt binary generator. The plant, to be commissioned in 2010, is the first stage of a larger development.