A $1 billion geothermal power station planned by Contact Energy for Taupo is expected to bring $30 million a year into the region and create 230 fulltime jobs.
The proposed 250-megawatt Tauhara Stage 2 development will generate enough electricity to light up 240,000 homes.
Project manager James Kilty told a Taupo District Council meeting yesterday that the Tauhara power station would produce about 90 per cent less greenhouse gas emissions than a coal-fired station.
Mr Kilty said electricity could be produced more efficiently and cheaply using geothermal energy, but power prices were not likely to drop because of the transmission and distribution costs.
Power generated from Tauhara Stage 2 will be fed into the national grid after an upgrade of the Wairakei Ring transmission line by Transpower.
Read more: http://www.stuff.co.nz/business/industries/3094954/Contacts-Taupo-power-station-picks-up-steamWant to help with Global-Warming? Please visit http://www.whiteearth.org
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