22 Feb 2010

Potential of geothermal field assessed

1:16 pm on 22 February 2010

New Zealand's largest listed power company, Contact Energy, will be working with the owners of the Taheke geothermal field on the shores of Lake Rotoiti near Rotorua to assess its viability.

The Taheke owners and Contact say they will explore and appraise the geothermal resource over the next two years, which includes the drilling of exploratory wells.

If successful, they will then jointly develop a new power station.