The New Zealand Herald reports that, plans to invest NZ$5 million (US$3.6m) into an industrial park near the Ngawha geothermal power plant in the Far North on the North Island of New Zealand have been approved by local councillors.
With the money, a council-owned holding company will buy a dairy farm to turn it into a “market ready industrial park.
The goal is to attract industry and investment based on available cheap geothermal power from the nearby geothermal power plant at Ngawha, as well as opportunities to tap into heat and even CO2 production.
The power has been promised at a 30-40% discount and with no line charges by local power producer Top Energy.
With the industrial park local employment is to be pushed similar to a similar scheme at the Taupo geothermal field further south.
Source: NZ Herald
