
Follow
the podcast on
The Government is aiming to bolster our geothermal supply.
It announced $50 million in new funding, with $23 million has been committed so far – including two $10 million loans for new plants near Rotoma and Kawerau.
The aim is to cut upfront risk whilst doubling generation by 2040.
Contact Energy CEO Mike Fuge told Mike Hosking that New Zealand is a world leader in geothermal, and if we can maintain that edge, that’s a good thing.
He says what excites them is the potential growth in the electricity market, which could supply new industries and attract new investment.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
