Top Energy's geothermal expansion to cut lines charges

Thu, 21 Mar 2019

By Gavin Evans March 22 (BusinessDesk) - Lines company Top Energy says a $300 million expansion of its geothermal development at Ngawha will fundamentally change the shape of its business and enable it to slash electricity costs for the region’s 64,000 residents. The firm is on track to commission a 32-megawatt generator at its site near Kaikohe in October 2020 – eight months earlier than planned. Recent drilling has confirmed the potential of the field and, subject to further monitoring, the firm expects to proceed with another 32 MW uni...

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