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, mighty, river and/or power:
“What have we achieved in mowing down mountain ranges, harnessing the energy of mighty rivers, or moving whole populations about like chess pieces, if we ourselves remain the same restless, miserable, frustrated creatures we were before? To call such activity progress is utter delusion. We may succeed in altering the face of the earth until it is unrecognizable even to the Creator, but if we are unaffected wherein lies the meaning?”
—Henry Miller (1891–1980)
“Yet here at least an earnest sense
Of human right and weal is shown;
A hate of tyranny intense,
And hearty in its vehemence,
As if my brother’s pain and sorrow were my own.
O Freedom! if to me belong
Nor mighty Milton’s gift divine,
Nor Marvell’s wit and graceful song.
Still with a love as deep and strong
As theirs, I lay, like them, my best gifts on thy shrine!”
—John Greenleaf Whittier (1807–1892)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)
“As usurpation is the exercise of power, which another hath a right to, so tyranny is the exercise of power beyond right, which no body can have a right to. And this is making use of the power any one has in his hands, not for the good of those who are under it, but for his own private separate advantage.”
—John Locke (1632–1704)