MightyRiver strikes out alone on global geothermal projects

Thu, 14 Feb 2013

By Pattrick Smellie Feb. 15 (BusinessDesk) - State-owned electricity company MightyRiverPower is dissolving a five-year-old investment partnership in American and German geothermal developments, taking 100 percent control of development opportunities in Chile and a 20 percent interest in a Californian geothermal producer. The move comes ahead of next Thursday's half-year profit announcement for the company, which is slated for partial privatisation by mid-year, although those plans may be jeopardised by court action seeking to overturn the g...

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