Power companies scramble with new generation plans

Genesis said it was “in active discussions with international solar developers to finalise a joint venture arrangement to deliver up to 500MW of solar capacity. (Image: Deposit Photos)

Pattrick Smellie

Thu, 12 Aug 2021

Two of the country’s largest power companies have scrambled to announce a new, long-term renewable electricity contract that will underpin the future of a 150 megawatt geothermal power station being built on the Tauhara steamfield, near Taupō.This morning’s announcement by Genesis Energy and Contact Energy will have been under negotiation for some time, Contact having announced in February that it was proceeding with the Tauhara development.Genesis also announced it was pursuing international partners for the development of up to 50...

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