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Bell Gully advises on Ngawha Springs expansion
Bell Gully has advised Top Energy Limited on the expansion of generating capacity at its Ngawha Springs geothermal site in Northland.
Partner Peter Castle advised on engineering procurement and construction, supply, steamfield development, drilling contracts, land access and well ownership arrangements, and exemptions under the Electricity Industry Reform Act.
The Commerce Commission has just granted Top Energy a limited exemption under the Electricity Industry Reform Act, which allows Top Energy directors to be appointed to the board of its wholly-owned subsidiary Ngawha Generation Limited and for Tops managers to manage the operations.
The expansion will be undertaken by Ngawha Generation Limited.
Top Energy supplies 27,000 electricity consumers in the north. The company plans to invest approximately $55 million in the project and when it comes on line in 2008, it is expected to generate around 70% of electricity consumed in the Far North region.
For further information, please contact your usual Bell Gully adviser.
