Geothermal

Trust Expects Seven Figure Windfall From Power Station

[The New Zealand Herald] A small Ngati Tahu-owned trust is predicting its investment in a new power station will return a seven- figure windfall. The 550 shareholders in the Tauhara North No 2 Trust, northeast of Taupo, have entered into a 25:75 joint venture with Mighty River Power to build a $450 million 132MW power station using the Rotokawa geothermal field.