Posts By: Briar

Eastland Group announce successful capital raise

Eastland Group announce successful capital raise

Eastland Group is pleased to announce a successful capital raise, via the sale of a 50% interest in Eastland Generation to Obayashi Corporation. The capital raise follows a competitive process to find a suitable partner in order to provide capital to fund a significant pipeline of renewable generation projects in New Zealand and to provide… Read more »

NZGIF supports Eastland Generation with up to $25m in long term lending

NZGIF supports Eastland Generation with up to $25m in long term lending

NZGIF will supply up to $25m to fund the construction of connection assets for the new ~50MW TOPP2 geothermal plant. Additionally, it will enable upgrades to the existing connection of the 25MW Te Ahi O Maui geothermal plant. “The loan represents an attractive opportunity to support a leading infrastructure operator and regional decarbonisation,” says Jason… Read more »

Eastland Port and McConnell Dowell celebrates successful completion of Wharf 7

Eastland Port and McConnell Dowell celebrates successful completion of Wharf 7

After 18 months of demolition and rebuilding Wharf 7, Eastland Port and McConnell Dowell are proud to announce the successful completion of the Wharf 7 rebuild. Construction specialists McConnell Dowell built the 255-metre deck-on-pile wharf which has increased the seismic resilience and improved operational longevity. Eastland Port General Manager Infrastructure and Development Marty Bayley said,… Read more »

Challenging year, positive future for Eastland Group

Challenging year, positive future for Eastland Group

Regional infrastructure company Eastland Group has weathered one of the most testing years in the company’s history, and goes into the second half of 2023 with a fresh strategic focus and ambitious plans for growth. “It’s been an incredibly tough year for everyone here in Tairāwhiti, and Eastland Group is no exception,” said Group Chief… Read more »

Taheke geothermal project referred for fast tracking

Taheke geothermal project referred for fast tracking

Eastland Generation and The Proprietors of Taheke 8C & Adjoining Blocks Incorporation (Taheke 8C) have reached a major milestone with the Taheke Geothermal Project, after the Minister for the Environment accepted the project’s resource consent application under the COVID-19 Recovery Fast Track Consenting provisions. The application will now be referred to an expert panel to consider. The Taheke geothermal… Read more »

Eastland Generation announces capital raise to fuel development pipeline

Eastland Generation announces capital raise to fuel development pipeline

Eastland Generation seeking a growth partner to help fund a strong pipeline of renewable generation opportunities. Alongside its existing key suppliers, Ormat Technologies and Ngāti Tūwharetoa Geothermal Assets (NTGA), work is underway to build TOPP2, a 49MW geothermal power station in Kawerau. Substantial and well-progressed development pipeline. Eastland Generation has today announced a strategic capital… Read more »

From road to sea and back again

From road to sea and back again

The coastal container route between Eastland Port and Napier Port ended last week after successfully operating for three months supporting local businesses impacted by the closure of State Highway 2 between Napier and Wairoa. During the three-month charter funded by the government, there were 18 voyages and 294 containers moved between the two East Coast… Read more »

Container shipping opportunity for Gisborne

Container shipping opportunity for Gisborne

Eastland Port are working with officials to get container shipping going while the region’s roading network is cut off and in a vulnerable state. Eastland Port Chief Operating Officer Regional Infrastructure Andrew Gaddum said, “Getting containers onto our port would be a game changer for many local businesses whose freight routes have been severely disrupted…. Read more »

Helping communities get back on their feet after Cyclone Gabrielle

Helping communities get back on their feet after Cyclone Gabrielle

Over the last week, Eastland Port has been used as a lifeline utility in our region’s response to the devastating effects caused by Cyclone Gabrielle. Last week the HMNZS Manawanui was seen out in Tūranganui-a-Kiwa where they delivered essential supplies via ribs. They also berthed on Wharf 8 while water was lifted onto the deck… Read more »