Contact allocates $114m for new geothermal station development

Expansion of Contact's geothermal assets is planned. (Image: Contact)

Thu, 03 Aug 2023

Contact Energy is progressing with plans to renew its geothermal infrastructure in Taupō.Up to $114 million of development costs has been approved to advance a project to replace the 1950s-built Wairākei A and B geothermal power stations with a new station of up to 180 megawatts at Te Mihi, it said.A final investment decision is expected in early 2024.Funding has been allocated for consenting and mitigation costs, front-end engineering design of the geothermal steam field and costs to support the in-progress competitive tender process.It said t...

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