Company pursues energy self-sufficiency
PA Auckland The cost of Governmentsupplied electricity was forcing Fletcher Challenge to seek energy self-suffi-ciency, said a company spokesman, Mr Lyndon Ferry. Mr Ferry, Fletcher Challenge’s general manager for new business, said wood processing, particularly the production of paper, was electricity-intensive and the company was now paying a higher price for power than its international competitors. “We are investigating the possibility of becoming selfsufficient in power — a strategic move towards greater control of our costs,” said Mr Ferry.
The company has formed a joint venture with the Crown to consider constructing a 25-megawatt geothermal electricity plant in the Tauhara field, 2km north-east of Taupo, for about $6O million. A commitment to proceed with the project is expected within two months. Late last year the company was also granted a right to explore for geothermal energy under previously untapped Tarawera forestry land. It has been investigating the possibility of building a hydro-electricity station as a joint venture with Tauranga Electric Power Board in the Lower Kaituna River.
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Press, 16 January 1986, Page 4
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170Company pursues energy self-sufficiency Press, 16 January 1986, Page 4
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