January 26, 2010 | admin | Comments 0

Native New Zealanders building geothermal collective

In New Zealand, Te Arawa iwi are looking at building a collective to develop geothermal power in the Bay of Plenty. Te Arawa is a confederation of native Māori iwi and hapu tribes and sub-tribes based in the area. The Te Pumautanga o Te Arawa organization – which received Treaty settlements worth $85 million last year – researched the area’s potential and found that undeveloped geothermal fields could produce 500-600 MW a year. The organisation is talking to Mighty River Power and Contact Energy about future joint ventures for what they believe could be a $2 billion/year business.

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