Contact Energy to develop 150 MW geothermal power plant in New Zealand

Contact Energy has announced that it will proceed with the construction of the Tauhara geothermal plant, which will require an estimated investment of $418 million. The project will have an installed capacity of 150 MW and will be located on the Tauhara field near Taupo. The company will soon begin construction of the project and expects to complete it by mid-2023. Once commissioned, the project will generate 1,300 GWh of electricity annually.

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