Fonterra Seeks Approval to Retain Whareroa Plant Co-Generator Status
Fonterra is seeking regulatory approval to retain the Whareroa plant's co-generator status after acquiring Nova Energy's 50% stake, becoming sole owner from August 1. The plant uses four gas turbines to supply steam and electricity, with surplus power fed into the grid.
Fonterra has applied for regulatory approval to maintain the co-generator classification of its Whareroa facility after purchasing Nova Energy's 50% interest in the plant. The dairy cooperative will assume full ownership effective August 1.
The Whareroa cogeneration plant operates four gas turbines that provide process steam and electricity to the site. Any excess power generated is exported to the national grid.
Source: First Squawk