Contact Energy will be delaying the geothermal power plant at the Tauhara steamfield, north-east of Taupo, which was intended to go online this January but due to a decrese in the cosumpiton of electricity, the project has been delayed.
Local news quote Contact Energy´s chief executive Dennis Barnes stating that “the market is not right to build the power station, and supply and demand figures suggest that an investment is a good few years away.”
Mr Barnes still believes that geothermal energy is future and one of the best alternatives for energy generation in New Zealand.
Source: Radio New Zealand News Website
