King Country Energy no longer pursues Mokau hydro

June 28, 2011 | Leave a Comment

King Country Energy announced today it will no longer pursue the resource consents required for the proposed 9.6MW hydro-generation scheme along the Mokau River, 4.3 kilometres downstream from its existing Wairere Falls dam.

The company began the resource consent process on the project in 2004. Chairman, Brian Gurney, cited consenting delays, mounting costs and significant increases [...]

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King Country Energy announces solid annual result

June 2, 2011 | Leave a Comment

Electricity generator and retailer, King Country Energy, has announced its fully audited annual result for the year ending 31 March 2011.

The Company’s consolidated profit after tax was $4.4 million for the year, compared with a $1.6 million result for the previous financial year.

Earnings before interest, tax, depreciation, amortisation, fair value movements of financial instruments [...]