August 28, 2008
Partners Sought for Power Projects; MAINPOWER
By STEEMAN, Marta
North Canterbury electricity lines company MainPower estimates it could cost $200 million to become 75 per cent self-sufficient in energy by developing a wind farm and a couple of small hydro plants.
He expected the big five generator-retailer companies to be interested in partnership. Options included also finding a partner that would lend part of the cost as well as joint ownership.
MainPower said in its just released annual report it was examining two small hydro projects.
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