Contact Energy reconsiders geothermal plant near Taupō due to rising costs, weak NZ dollar.
Contact Energy is reconsidering its plans for a new geothermal plant near Taupō due to rising costs and a weak NZ dollar. The company had planned for the new plant, scheduled to come online in 2027, to replace the existing 1950s-built Wairākei power station. Since the project's initiation, construction costs have increased, and the company has decided to reassess development options in light of the escalating costs.
May 16, 2024
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