Mighty River Power
Mighty River Power Limited is a New Zealand electricity generation and electricity retailing company. It was formed from the breakup of the Electricity Corporation of New Zealand (ECNZ) in 1999 as a result one of the reforms of the New Zealand Electricity Market and corporatised to become a state-owned enterprise with its own board of directors and Ministerial shareholders. The shareholders are the Minister of Finance and the Minister of State Owned Enterprises.
The company owns and operates the hydroelectric generating stations on the Waikato River as well as geothermal plants in the Taupo area, the combined cycle Southdown plant in south Auckland and the largely unused plant (Marsden A and Marsden B) at Marsden Point near Whangarei.
In 2008, Mighty River Power produced 16% of the country's electricity. According to its own website, the company supplies 22% of New Zealand peak energy demand, with about 80% of this coming from hydro-power.
Read more about Mighty River Power: History, Power Stations, Subsidiaries, Investments
Famous quotes containing the words mighty, river and/or power:
“Thus far with rough and all-unable pen
Our bending author hath pursued the story.
In little room confining mighty men.”
—William Shakespeare (1564–1616)
“The river sweats
Oil and tar
The barges drift
With the turning tide”
—T.S. (Thomas Stearns)
“The child supplies the power but the parents have to do the steering.”
—Benjamin Spock (20th century)