Monthly Archives: June 2016

Eastland Group reports $15.2 million profit in 2016

by Suzanne Winterflood

Eastland Group reports $15.2 million profit in 2016

Eastland Group today announced a record audited profit of $15.2 million for the year ended 31 March 2016. The Gisborne-based specialist infrastructure company is 100 percent owned by Eastland Community Trust. Its operations include Eastland Port, Gisborne Airport and Eastland Network – the electricity network for Gisborne, Wairoa and the East Coast – as well as… Read more »

Te Ahi O Maui drilling is underway

by Suzanne Winterflood

Te Ahi O Maui drilling is underway

Drilling is underway on the first of three wells for the Te Ahi O Maui geothermal power project near Kawerau. Following completion of this well, two further wells will be drilled later this year. Project Manager, Ben Gibson, says the drilling process will target known sources of geothermal fluid, which could be as hot as… Read more »