Contact Energy is the first beneficiary of a fast-tracked resource consent process under the new Environmental Protection Authority, winning draft approval for its 250 megawatt Tauhara geothermal power station project.
The new plant will be the largest constructed for many years, and is likely to be built before the 220MW Te Mihi power station, in the Wairakei geothermal steamfield, for which Contact also holds resource consents.
When constructed it would be the biggest geothermal power station in New Zealand, said Contact.
The Tauhara plant will draw energy from the largely untapped Tauhara steamfield, although Contact recently opened a smaller binary plant, the 23MW Te Huka power station, which came into production earlier this year.
"If approved, the power station will bring around $1 billion of investment into the Taupo region and the country's energy supply, and will produce enough electricity to meet the needs of around 270,000 average homes," said managing director, David Baldwin.