Geothermal energy project in New Zealand moves forward

Eastland Group is given approval to move on to the next development phase of its geothermal power station. In a recent press release from Eastland Group, the company announced that it has received development approval from its sole shareholder, Eastland Community Trust, to go ahead with its planned $120 million investment in its Te Ahi O Maui geothermal energy plant. The company intends to build the plant near Kawerau, a town in New Zealand’s Bay of Plenty region. The plant will be designed to produce about 20 megawatts of power.…

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Geothermal energy becomes New Zealand’s second most powerful source of electricity

When it comes to power generation in the country, Geothermal comes second only to hydro. According to Mighty River Power, one of New Zealand’s largest electricity generation and electricity retailing company, geothermal energy production is the second most important source of electricity fuel in the country, with hydro power taking the top spot, reported the National Business Review (NBR). In the past decade, the renewable energy source increased by over 150 percent. The electricity company said that during the December quarter, the renewable source, which is the only one not…

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