Mighty River Begins $500 Million Modernization and Refurbishment Program in New Zealand

PERTH, AUSTRALIA--December 31, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Mighty River Power Limited (Auckland, New Zealand) has undertaken a $500 million reinvestment program for the Waikato hydro stations. The project is designed to increase and maximize the value of the 40- to 50-year-old hydro generation assets that operate in the Waikato region of New Zealand.