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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Contact looks for cheaper alternatives to Wairākei replacement

Construction costs and the weak NZD puts paid to plans to replace the 65-year-old Wairākei geothermal plant, but smaller scale plans remain.

Wairākei Geothermal Powerstation.

Dita De Boni Fri, 17 May 2024

Construction inflation and the weak New Zealand dollar has put an end to Contact Energy’s GeoFuture project – the replacement of Contact’s 65-year-old Wairākei geothermal plant – in its current form.

A final investment decision was expected this year on the project, which was scheduled to

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Dita De Boni Fri, 17 May 2024
Contact the Writer: dita@nbr.co.nz
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Contact looks for cheaper alternatives to Wairākei replacement
Investment,
104091
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