Audit and Risk Committee Charter
9 April 2008 - Te Rere Hau joint venture confirms turbine order
STATEMENT
NZ Windfarms Limited
April 9 2008
Te Rere Hau joint venture confirms turbine order
The Te Rere Hau Wind Farm Joint Venture, in which NZ Windfarms Limited is a 50 percent partner, has confirmed an order for a further 16 turbines from Windflow Technology Limited.
The Windflow 500 turbines will be deployed in Stage 3 of the Te Rere Hau wind farm, near Palmerston North. The joint venture has now ordered 60 turbines for stages 2 and 3. The first of the Stage 2 turbines have been manufactured and will be installed on site in the coming months. The Te Rere Hau project, which has resource consent for 97 turbines, is scheduled for completion in mid-2009.
The Chief Executive of NZ Windfarms, Mr Chris Freear, said confirmation of the order reflected the joint venture’s satisfaction with the performance of the five Stage 1 turbines which were commissioned in September 2006. Mr Freear also noted that Windflow Technology was making progress towards certification of the Windflow 500 turbine to International Electrotechnical Committee (IEC) standard WT-01.
The Te Rere Hau joint venture partners are NZ Windfarms Limited (50 percent) and NPBB Pty Limited (50 percent). NPBB Pty Limited is owned by NP Power Pty Limited and Babcock & Brown Windpower Pty Limited.
For further information go to www.nzwindfarms.co.nz
ENDS
Media Inquiries:
Chris Freear or Barry Akers
Phone 03 943 5410 Phone 09 309 5656
Mobile 021 946 332 Mobile 021 571 234
Email chris.freear@nzwindfarms.co.nz Emailakers@senescallakers.co.nz