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    Offer Price 6.38 Value 306573.89 Volume 48464

Current as of 26/12/14 10:00AM NZST

Contact takes fast track

Contact Energy has filed resource consent applications for the second phase of its development of the Tauhara geothermal resource near Taupo.

Contact has requested that the application for the 250-megawatt Tauhara 2 development be considered under the new Environmental Protection Agency process which speeds up the potential award of consents to within nine months of the application being accepted.

Tauhara 2 will follow Contact's first stage of development of the Tauhara steam field, a 23MW geothermal binary power station under construction in Taupo.

- NZPA

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