Mighty River Power signs agreement on the joint development of a power project at the Taheke field, northeast of Rotorua in New Zealand.
As part of a recent project update, New Zealand state-owned utility Mighty River Power has announced it has signed a “joint-development agreement with Okere Incorporation and Ruahine & Kuharua Incorporation for the investigation and development of a geothermal power station on the Taheke field, northeast of Rotorua.
The agreement enables initial exploration of the resource and, subject to consenting arrangements, exploration drilling is expected to start on the field within the next 12 months. The project is called “Te ia a Tutea”.
Source: Mighty River Power