MRP heralds low-cost power from latest geothermal plant

Tue, 12 Jun 2012

By Pattrick Smellie June 13 (BusinessDesk) - State-owned MightyRiverPower expects electricity from its latest geothermal development to be lower than costs normally assumed for new geothermal power stations, and well below the assumed cost of new wind farms. In an update on its development projects, the company said it expected the $466 million Ngatamariki plant, with an installed generating capacity of 82 Megawatts, to produce electricity "with a real long run marginal cost that is less than market estimates of $80 to $85 per Megawatt hour....

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