Meridian Annual Report - Meridian Energy

More documents

Recommendations

Info

8 Our Operations cont Under Construction Project West Wind West Wind is a wind farm currently under construction at Makara, near Wellington. It will have 62 turbines capable of generating 142.6MW. Construction started in September 2007 with first power expected in late 2008 or early 2009. Offices Wellington Head Office Wellington Meridian staff operate out of New Zealand’s first five-star Green Star rated building located on Wellington’s waterfront. Designed to use 60% less energy and 70% less water than comparable office buildings, it is the first New Zealand office building designed and constructed using Ecologically Sustainable Development principles. Twizel Office Sited on land that was once part of the Ruataniwha Station, Twizel was constructed as the base for the Upper Waitaki Power Development. The Twizel Office is located a short distance from the Twizel township centre. Christchurch Office Meridian’s Christchurch office is located at 322 Manchester Street. The Meridian call centre, credit control, and billing systems staff operate from this location. Proposed Developments Project Hayes Project Hayes is a proposed wind farm on the Lammermoor Range northwest of Dunedin. The proposed farm would have up to 176 turbines generating up to 630MW. It is named after Central Otago engineer and inventor Ernest Hayes, one of the first New Zealanders to harness wind power for commercial use. A resource consent decision is pending. Project Gumfields Project Gumfields is a proposed wind farm development near Ahipara in Northland. A Department of Conservation concession is currently being sought for the project. North Bank Tunnel Concept A proposal to generate electricity by taking water from Lake Waitaki through a tunnel and power station and discharging it back into the Waitaki River about 34 kilometres downstream. The concept would have a generation capacity of 200-280MW. The concept is in the hearing stage of water-only resource consents. Mokihinui We are investigating the potential for a hydro development with potential for up to 60MW of generation on the Mohikinui River in northern Westland. Mohaka This is a hydro development investigation on the lower Mohaka River with potential for up to 44MW of generation in the eastern North Island, south of Wairoa. Hunter Downs Hunter Downs is a proposed irrigation scheme being developed as a joint initiative between Meridian and the South Canterbury Irrigation Trust (SCIT). Consents to take and use Waitaki River water sufficient to irrigate 40,000 ha have been applied for. Meridian and SCIT propose to develop the irrigation scheme on a build, own and operate basis. Project Central Wind Central Wind is a proposed wind farm located across five privately-owned rural properties in the central North Island. The site is located between Waiouru and Taihape, with the smaller settlement of Moawhango lying to the east. Project Central Wind would have 52 turbines with an estimated combined generating capacity of about 120-130MW, enough to power up to 50,000 average homes. Project Mill Creek Mill Creek is a 31-turbine wind farm proposal for the Ohariu Valley, north-west of Wellington. The project was conceived more than 10 years ago when a group of farmers in the area were looking for ways to keep their farms viable in the longer term. Wind farming appealed to them as it was a way of preserving the lifestyle and rural character of the area. Mill Creek will generate enough renewable energy to power the equivalent of 35,000 average homes.
9< Energy facts Total New Zealand grid-connected electricity generation in the June 2008 year was 39,493 gigawatt hours. A further 3,000 (approximate) gigawatt hours of generation is embedded within distribution networks. In the last financial year, 63 percent of electricity for sale to consumers was generated using renewable resources, a decline on last year due to the extra generation required from thermal plants. Meridian’s contribution to total New Zealand electricity generation was 11,914 gigawatt hours, approximately 30 percent of the country’s supply. How much power? Numbers of generators Plant Capacity Total GWh produced Total GWh produced MW 2007/08 2006/07 Tekapo A 1 25 124 146 Tekapo B 2 160 743 838 Ohau A 4 264 1,047 1,084 Ohau B 4 212 872 909 Ohau C 4 212 862 902 Benmore 6 540 1,975 2,143 Aviemore 4 220 833 908 Waitaki 6 90 435 470 Manapouri 7 730 4,546 4,954 Te Ā piti N/A 90 322 323 White Hill N/A 58 155 1 Total 38 2,601 11,914 12,678 Note: This table excludes generation provided by industry where Meridian acts as an agent. It means watt? kW MW GW = 1,000 watts = 1,000 kW = 1,000 MW passing through a given point over an hour 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Tekapo A Tekapo B Meridian’s generation 2006/07 vs 2007/08 Ohau A Ohau B Ohau C Benmore Aviemore Waitaki Manapouri Te A - piti Whitehill Total GWh Produced 2007/08 Total GWh Produced 2006/07 Electricity is not stored in measurable units but passes through appliances when we switch them on.
Page 1 and 2: Meridian Annual Report for the year
Page 3: 1< Innovation We launched Right Hou
Page 6 and 7: 2 A time of challenge and opportuni
Page 8 and 9: 4 Chairman’s and Chief Executive
Page 10 and 11: 6 Our Operations Meridian is New Ze
Page 14 and 15: 10 Generation The winter of 2008 wa
Page 16 and 17: 12 Retail Transforming our customer
Page 18 and 19: Our Year in Review >14
Page 20 and 21: 16 Our Year in Review cont Our Peop
Page 22 and 23: 18 Our Year in Review cont Meridian
Page 24 and 25: 20 Our Year in Review cont In addit
Page 26 and 27: 22 Our Year in Review cont Meridian
Page 28 and 29: 24 Our Year in Review cont In the M
Page 30 and 31: Our Subsidiaries >26
Page 32 and 33: 28 Board of Directors Wayne Boyd (C
Page 34 and 35: 30 Tim Lusk (Chief Executive) Prior
Page 36 and 37: Financials >32
Page 38 and 39: 34 Economic Overview and 2007/08 Fi
Page 40 and 41: 36 Meridian Energy Limited — Stat
Page 42 and 43: 38 Meridian Energy Limited — Inco
Page 44 and 45: 40 Meridian Energy Limited — Bala
Page 46 and 47: 42 Meridian Energy Limited — Note
Page 62 and 63:
58 Meridian Energy Limited — Note
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
84 Report from the Audit Office Aud
Page 90 and 91:
86 Statutory Information Group Dire
Page 92 and 93:
88 Statutory Information (continued
Page 94 and 95:
90 Meridian Energy Management’s i
Page 96 and 97:
92 Tonnes of CO2 Meridian Energy Ag
Page 98 and 99:
94 Notes on tables Notes on electri
Page 100 and 101:
96 GRI Sustainability Reporting Ind
Page 102:
98 DIRECTORY Registered Office Leve
show all

Meridian Annual Report - Meridian Energy

Create successful ePaper yourself

Delete template?

Save as template?