Mighty River Power Limited - Power Plants and SWOT Analysis

 Published On: Nov, 2015 |    No of Pages: 95 |  Published By: GlobalData | Format: PDF
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Summary

The report contains a detailed description of the power generation company’s business operations, history, corporate strategy, and business structure. This report contains a detailed SWOT analysis, information on key employees (executives), and major products and services.

Scope

- Major Power Plants (assets) - summarized and detailed information about the power plants (assets).
- Operational Metrics (capacity, generation, revenue, sales, number of consumers).
- Business description - A detailed description of the company’s operations and business divisions.
- Corporate strategy - GlobalData’s summarization of the company’s business strategy.
- SWOT analysis - A detailed analysis of the company’s strengths, weakness, opportunities and threats.
- Company history - Progression of key events associated with the company.
- Major products and services - A list of major products, services and brands
- Key employees - A list of the key executives and personnel heading key departments/functions.
- Executive biographies - A brief summary of the executives’ employment history.
- Financial deals - Coverage of key financial deals from 2006 onwards, depending upon information availability
- Important locations and subsidiaries - A list of key locations and subsidiaries of the company, including contact details.

* Note: Some sections may be missing if data is unavailable for the company.

Reasons to buy

- Gain key insights into the company for academic or business research purposes. Key elements such as SWOT analysis, corporate strategy and major products and services are incorporated in the profile to assist in various business decisions (M&A and JV).
- Identify potential customers and suppliers with this report’s analysis of the company’s business structure, operations, major products and services and business strategy.
- Understand and respond to competitors’ business structure and strategies with GlobalData’s detailed SWOT analysis. In this, the company’s core strengths, weaknesses, opportunities and threats are analyzed, providing an up to date objective view of the company.

Table of Contents
Table of Contents 2
List of Tables 6
Company Snapshot 7
Key Information 7
Company Overview 7
SWOT Snapshot 7
Operational Metrics 8
Mighty River Power Limited, Operational Metrics, By Capacity 8
Mighty River Power Limited, Operational Metrics, By Generation 8
Mighty River Power Limited, Operational Metrics, By Customers 8
Mighty River Power Limited, Operational Metrics, By Segmental Information 8
Mighty River Power Limited, Wind Farms 9
Mighty River Power Limited, Wind Farms, New Zealand 9
Mighty River Power Limited, Hydro Power Plants 10
Mighty River Power Limited, Hydro Power Plants, New Zealand 10
Mighty River Power Limited, Thermal Power Plants 11
Mighty River Power Limited, Thermal Power Plants, New Zealand 11
Business Description 12
Business Overview 12
Major Products and Services 13
History 14
SWOT Analysis 16
Overview 16
Mighty River Power Limited Strengths 16
Net Working Capital 16
Energy Markets Business 16
Multi-brand Retail Format 16
Mighty River Power Limited Weaknesses 17
Operational Performance 17
Mighty River Power Limited Opportunities 17
Positive Outlook: Renewable Energy Market 17
Growing Demand for Electricity: New Zealand 17
Business Streamlining 17
Mighty River Power Limited Threats 17
Seasonal Variations and Climatic Conditions 17
Competition 18
Volatility in Electricity Prices 18
Financial Ratios - Capital Market Ratios 19
Financial Ratios - Annual Ratios 19
Financial Ratios - Interim Ratios 21
Key Employees 22
Key Employee Biographies 23
Company Statement 24
Locations And Subsidiaries 26
Head Office 26
Other Locations & Subsidiaries 26
Financial Deals Landscape 28
Mighty River Power Limited, Deals Summary 28
Mighty River Power Limited, Power, Deal Details 29
Asset Transactions 29
Mighty River Power Invests US$363.2 Million In Ngatamariki Geothermal Power Project In New Zealand 29
GGE Chile To Invest US$330 Million In Curacautin Geothermal Project In Chile 30
Mighty River And Tauhara North Completes Project Financing Of US$205 Million For Nga Tamariki Geothermal Power Project In New Zealand 31
Equity Offering 32
Mighty River Power Completes IPO For US$1.4 Billion 32
Debt Offering 33
Mighty River Power Raises USD253.5 Million in Public Offering of Bonds Due 2044 33
Asset Transactions 35
Mighty River Power to Sell Interests in Geothermal Assets in Germany and Chile 35
Maori Trustee Acquires 25% Stake In Nga Awa Purua Geothermal Power Station From Mighty River 36
Acquisition 37
Mighty River To Acquire Additional 13.33% Stake In EnergySource From Hannon Armstrong And Catalyst Renewables 37
Recent Developments 39
Mighty River Power Limited - Recent Developments 39
Sep 06, 2011: Mighty River Power Receives Consent For Its 60 Turbine Turitea Wind Farm In Manawatu-Wanganui Region, New Zealand 39
Feb 23, 2011: L&M Energy Announces Permit Extension 39
Feb 11, 2011: Mighty River Power Receives Draft Decision From Board of Inquiry For Construction And Operation Of Wind Farm At Turitea, New Zealand 39
May 21, 2010: L&M Energy Secures PEP 52181 Exploration Permit In Taranaki Basin, New Zealand 39
May 13, 2010: Rotokawa Receives Resource Consents Approval For NGPS 40
Oct 12, 2009: Windflow Technology Receives Approval For Long Gully Wind Farm In New Zealand 40
Jun 05, 2014: Metrix confirmed as preferred smart metering partner for Trustpower 41
Nov 07, 2011: Mighty River Power Signs Agreements With Okere And Ruahine Kuharua For Geothermal Development On Taheke Field In Rotorua, New Zealand 41
Jun 08, 2011: Mighty River Power Continues Geothermal Growth With New NZD466m Plant In New Zealand 41
Jan 17, 2011: Mighty River Power To Construct Wind Farm Near Cape Campbell In New Zealand 42
Jan 27, 2010: Mighty River Power To Unveil New Design Of Its Proposed Turitea Wind Farm Near Palmerston North, New Zealand 42
Mar 18, 2008: Mighty River To Monitor Wind Potential Of Puketoi Range 43
Mar 06, 2008: Mighty River Committs To New Geothermal Development In New Zealand 43
Dec 07, 2009: New Zealand Oil & Gas Starts Drilling At Albacore 44
Nov 23, 2009: New Zealand Oil & Gas Takes Over ENSCO-107 Rig For Albacore Permit 44
Aug 28, 2015: Strong cash flow supports special dividend, while operating earnings ease on record low hydro output 45
Feb 24, 2015: Mighty River Power: Forecast dividend unaffected by dry conditions 46
Nov 05, 2014: MRP announces special dividend for shareholders 47
Aug 20, 2014: Mighty River Power: Annual Results and dividend above IPO financial forecasts 47
Jul 24, 2014: Mighty River Power Quarterly Operational Update for the Three Months ended 30 June 2014 48
Feb 26, 2014: Mighty River Power released financial results for the six months ended 31 December 2013 49
Oct 23, 2013: Mighty River Power Quarterly Operational Update for the Three Months Ended 30 September 2013 50
Aug 28, 2013: Mighty River Power’s FY2013 financial results above IPO forecasts 50
Jul 24, 2013: Mighty River Power Quarterly Operational Update for the Three Months to 30 June 2013 52
Feb 21, 2013: Mighty River Reports Revenue Of NZD706.3m In H1 Fiscal 2013 52
Aug 28, 2012: Mighty River Reports Revenue Of NZD1.5 Billion In Fiscal 2012 55
Mar 27, 2012: Mighty River Reports Revenue Of NZD729.1m In H1 Fiscal 2012 56
Mar 03, 2010: Mighty River Reports Net Profit Of NZD73.9 Million For H1 Fiscal 2010 56
Sep 03, 2009: Mighty River Reports Net Profit After Tax Of NZD159.6 Million For Fiscal 2009 56
Mar 25, 2008: Mighty River Declares H1 Fiscal 2008 Results 57
Oct 08, 2007: Mighty River Declares Year End 2007 Results 59
Oct 20, 2015: Mighty River Power Quarterly Operational Update for the Three Months ended 30 September 2015 59
Aug 27, 2015: Mike Taitoko to join Mighty River Power Board 59
Jul 28, 2015: Electric vehicle charging stations go live in Downtown Auckland 60
Jul 20, 2015: Mighty River Power Quarterly Operational Update for the Three Months ended 30 June 2015 61
May 13, 2015: GM Geothermal appointment completes leadership team 61
Apr 23, 2015: Mighty River Power Quarterly Operational Update for the Three Months ended 31 March 2015 62
Mar 24, 2015: Renewables growth behind closure of Southdown thermal station 62
Feb 03, 2015: Kiwi technology key to cut-price electricity for Community Services Card holders 63
Jan 22, 2015: Mighty River Power again confirms no energy price increase 63
Jan 20, 2015: Mighty River Power Quarterly Operational Update for the Three Months ended 31 December 2014 63
Dec 16, 2014: MRP to exit geothermal investments in Chile & Germany 64
Dec 01, 2014: Tania Simpson to step down from MRP Board in mid 2015 64
Nov 17, 2014: Mighty River Power appoints GM Strategy & Communications 65
Nov 07, 2014: ‘Stunning opportunity’ for Kiwis and Country in home-grown fuel 65
Oct 24, 2014: Mighty River Power Quarterly Operational Update for the Three Months ended 30 Sept 2014 66
Sep 18, 2014: MRP appoints General Manager for Hydro/Wholesale 66
Aug 20, 2014: Mighty River Power: Shearer claims on power pricing a “work of fiction” - misleading our customers 67
Jul 23, 2014: Changes to Mighty River Power leadership team 67
May 13, 2014: Metrix Chief Executive appointment signals significant growth opportunity 68
May 01, 2014: Mighty River Power appoints Fraser Whineray as new Chief Executive 69
Apr 17, 2014: Mighty River Announces Quarterly Operational Update 70
Jan 30, 2014: Mighty River Power Quarterly Operational Update For The Three months Ended 31 December 2013 71
Dec 18, 2013: Patrick Strange to join Mighty River Power Board 72
Dec 02, 2013: Joint venture power station temporarily withdrawn for turbine maintenance 72
Sep 13, 2013: Council confirms no review of Waikato Hydro System resource consent conditions 72
Sep 02, 2013: New Ngatamariki Station boosts Mighty River Power’s geothermal production, driving earnings growth 73
Aug 25, 2013: Gas Bill Reductions for Majority of Mercury Energy Customers 73
Jun 27, 2013: Mighty River Power’s Ngatamariki Geothermal Power Station Reaches Full Capacity During Testing 74
Jun 04, 2013: Mighty River Power Provides Business Update For Three Months Ended March 2013 74
Jun 03, 2013: Mighty River Power Receives Final Resource Consents For 310 MW Wind Farm In New Zealand 75
May 16, 2013: Mighty River Power Seeks Consent To Explore Geothermal Power Potential Near Okere Falls In New Zealand 75
Jan 29, 2013: Mighty River Power Announces Quarterly Operational Update 75
Jun 25, 2012: Mighty River Power Granted Resource Consents For Wind Development At Puketoi, New Zealand 76
Jun 13, 2012: Mighty River Power Provides Update On Geothermal And Wind Power Projects 76
May 08, 2012: Mighty River Power Provides Construction Update On Ngatamariki Geothermal Station In New Zealand 77
Mar 06, 2012: Mighty River Power Achieves Grid Synchronization For 49.9 MW Hudson Ranch Power I Geothermal Project In Southern California 78
Nov 22, 2011: Mighty River Power Funds University Of Auckland For Geothermal Reservoir Engineering 78
Aug 03, 2011: Mighty River Power Files Application For Wind Farm Development At Puketoi In New Zealand 79
Jul 28, 2011: Nga Awa Purua Sells 410,000 ERUs To Deutsche Bank 79
Apr 05, 2011: Cue Energy Commences 2D Seismic Surveys At PEP 51313 And PEP 51149 Permits In New Zealand 79
Jan 21, 2011: Mighty River Power's Total Electricity Generation Increase By 5% In Q3 2010 79
May 17, 2010: Mighty River Power And Tauhara North No.2 Trust Open Nga Awa Purua Geothermal Power Station 80
May 05, 2010: Mighty River Power And JV Partner To Officially Open Nga Awa Purua Geothermal Power Station In May 2010 81
Apr 08, 2010: Mighty River Appoints Prudence Flacks As New Board Of Director 81
Apr 08, 2010: Mighty River Power's Nga Awa Purua Geothermal Power Station Starts Operations 81
Mar 25, 2010: Mighty River Power Resists Proposed Noise Limit For Turitea Wind Farm In New Zealand 82
Jan 18, 2010: Mighty River's Nga Awa Purua Geothermal Power Station Adds Electricity To National Grid 82
Dec 21, 2009: New Zealand Oil & Gas Provides Albacore-1 Exploration Well Update 83
Mar 16, 2009: New Zealand's Power Companies Ask For Investment In Grid 83
Nov 19, 2008: Mighty River Launches New Kawerau Geothermal Power Station 84
Oct 30, 2008: Mighty River Appoints Two General Managers 85
Oct 22, 2008: Mighty River Opens Tirohia Landfill Gas To Electricity Plant 85
Sep 02, 2008: Mights River Updates On Turitea Wind Farm Development Project 85
Sep 02, 2008: Mighty River Updates On Its Kawerau Geothermal Power Station 86
Jul 01, 2008: Mighty River Updates On Kawerau Power Station 86
Apr 18, 2008: Mighty River Begins Work On New Geothermal Development 87
Oct 24, 2007: Mighty River Provides Operational Update On Arapuni Dam 87
Oct 18, 2007: Mighty River Provides Operational Update On Kawerau Plant 88
Oct 08, 2007: Mighty River Invests $1 Billion 88
Jul 13, 2006: Mighty River Commences Operations In Penrose 89
Jul 03, 2015: National Metering Arrangement with Mighty River Power Ends 89
Dec 22, 2014: Tuwharetoa and Mighty River Power reach partnership agreement over Lake Taupo 89
Jul 03, 2014: Metrix partnership with Trustpower supports growth plans 90
Jun 10, 2012: Vector Wins Natural Gas Supply Contracts 90
Apr 27, 2012: Ward Demolition To Demolish Marsden A Power Project In Ruakaka, New Zealand 90
Jun 24, 2011: Mighty River Power Confirms Multi-Year Agreement With Genesis Energy To Add Electricity Portfolio Flexibility 91
Jun 08, 2011: Ormat Technologies Secures $130m Supply And EPC Contract For Ngatamariki Geothermal Power Plant In New Zealand 91
Aug 03, 2010: Mighty River Power Initiates Tender Process For Securing Long Term Carbon Credits 92
Jul 07, 2009: Mighty River Receives Contract From Palmerston North City Council To Develop Wind Farm In New Zealand 92
Dec 12, 2008: Rheochem Renews Contract With Mighty River To Supply Drilling Fluids And Engineering Services 92
Mar 31, 2008: Nga Awa Purua Signs Contract With Sumitomo To Construct Second Geothermal Station 93
Appendix 94
Report Scope 94
GlobalData Coverage 94
Benchmarking 94
GlobalData’s Methodology 94
Secondary Research 94
Primary Research 94
Contact Us 95
Disclaimer 95

List of Tables
Mighty River Power Limited, Key Facts 7
Mighty River Power Limited, Operational Metrics, Capacity 8
Mighty River Power Limited, Operational Metrics, Generation 8
Mighty River Power Limited, Operational Metrics, Customers 8
Mighty River Power Limited, Operational Metrics, Segmental Information 8
Mighty River Power Limited, Wind Farms, New Zealand 9
Mighty River Power Limited, Hydro Power Plants, New Zealand 10
Mighty River Power Limited, Thermal Power Plants, New Zealand 11
Major Products and Services 13
Mighty River Power Limited, SWOT Analysis 16
Mighty River Power Limited, Ratios based on current share price 19
Mighty River Power Limited, Annual Ratios 19
Mighty River Power Limited, Interim Ratios 21
Mighty River Power Limited, Key Employees 22
Mighty River Power Limited, Other Locations 26
Mighty River Power Limited, Subsidiaries 26
Mighty River Power Limited, Deals Summary 28
Mighty River Power Invests US$363.2 Million In Ngatamariki Geothermal Power Project In New Zealand 29
GGE Chile To Invest US$330 Million In Curacautin Geothermal Project In Chile 30
Mighty River And Tauhara North Completes Project Financing Of US$205 Million For Nga Tamariki Geothermal Power Project In New Zealand 31
Mighty River Power Completes IPO For US$1.4 Billion 32
Mighty River Power Raises USD253.5 Million in Public Offering of Bonds Due 2044 33
Mighty River Power to Sell Interests in Geothermal Assets in Germany and Chile 35
Maori Trustee Acquires 25% Stake In Nga Awa Purua Geothermal Power Station From Mighty River 36
Mighty River To Acquire Additional 13.33% Stake In EnergySource From Hannon Armstrong And Catalyst Renewables 37


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