Skip to main content

Mercury kicks off Ngā Tamariki expansion with partners

Page 1

STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY)

NEWS RELEASE

Mercury kicks off Ngā Tamariki expansion with partners. 27 March 2024 – A ground-breaking event was held last week to bless and celebrate construction starting on a fifth generating unit at the Ngā Tamariki geothermal station. Mercury announced the expansion project six months ago with support from their partners Tauhara North #2 Trust and the wider mana whenua Ngāti Tahu Ngāti Whaoa. “We’ve worked with our partners to ensure this expansion considers the long-term sustainability of the whenua while also preserving the cultural significance of this important taonga,” said Vince Hawksworth, Mercury’s Chief Executive. “This construction represents not only a significant milestone for Mercury, but also another crucial step toward a sustainable and resilient energy future.” The new unit will boost renewable energy generated at the station by 46MW (~390GWh per annum – equivalent to an additional 55,000 households). This investment is a critical part of Mercury’s pipeline of new renewable energy development, and first generation of electricity from the new unit is expected in late 2025. The expansion closely follows the commissioning of stage one of the Kaiwera Downs wind farm near Gore in November and the full commissioning of Turitea South wind farm in July 2023. The ceremony brought together people and partners involved in the project to celebrate the start of construction. It was attended by representatives from Tauhara North #2 Trust, Ngāti Tahu Ngāti Whaoa and delivery partner Ormat as well as the Mercury team. Mercury has developed the project whilst working with commercial partner Tauhara North No. 2 Trust to ensure the sustainability of the reservoir and management of the surrounding environment. “This project symbolises how we are working together to get sustainable outcomes for all. This is about the intergenerational benefit, for mana whenua and all New Zealanders who will increasingly rely on electricity into the future,” said Mr Hawksworth. Ngā Tamariki geothermal station – key facts: • Commissioned in 2013 and currently comprising four existing units providing a total net station output of 86 MW. • Ngā Tamariki station normally runs 24/7, producing about 730GWh p.a. of electricity (enough to power ~103,000 households) – this will increase to 1,120 GWh p.a. or ~158,000 households once expansion is complete. • Station was built with allowance for an expansion once the reservoir was better understood. • Mercury and Tauhara North No. 2 Trust hold resource consents to operate Ngā Tamariki via The Rotokawa Joint Venture.


Turn static files into dynamic content formats.

Create a flipbook
Mercury kicks off Ngā Tamariki expansion with partners by Mercury - Issuu