MightyRiverPower will close Southdown station at the end of 2015

Mon, 23 Mar 2015

By Tina Morrison March 24 (BusinessDesk) - MightyRiverPower, whose first half earnings slumped as it wrote down the value of assets and exited its international geothermal interests, said its gas-fired Southdown power station will close at the end of the year in response to growth in renewable generation. The 140-megawatt Southdown station in Auckland had played a small role in MightyRiverPower’s portfolio the past two years, representing just 5 percent of the company’s generation, and less than 1 percent of New Zealand’s total electricit...

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