OPERATIONS

Contact steps back from geothermal energy investment in New Zealand

Increasing costs of geothermal developments highlights need for new gas supplies

Geothermal power Station, near Taupo New Zealand. Credit: Shutterstock/Chrispo

Leading New Zealand power utility Contact Energy has decided to step back from a commitment to make a final investment decision (FID) on a major new energy development. Citing the impact of rising costs...

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