MANGAHAO HYDRO
LAST YEAR’S OPERATIONS.
The Public Works 'Statement for the year ending' March 31st last, contains the following reference to the Mangahao Hydro scheme: — Although the rainfall on the Mangahao area was considerably better than in the previous year, the continued growth of load made the past year a difficult one, and considerable amounts of powejr had to be purchased to meet the demand. On this account- the financial position is not as good as it might otherwise.be. It can be summarized as follows: — £ Capital 2,416,713 Revenue 186,712 Operating expenses 106,907 Balance £79,805 The balance has been sufficient to pay only 3 per cent, towards the interest charges for the year. £72,563 was spent on the purchase of power during the year, and is included in the operating expenses shown above. Now .that this station is interconnected with Waikaremoana it is expected that purchase of power will be unnecessary in future.
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https://paperspast.natlib.govt.nz/newspapers/MH19291026.2.19
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Manawatu Herald, Volume L, Issue 40015, 26 October 1929, Page 2
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152MANGAHAO HYDRO Manawatu Herald, Volume L, Issue 40015, 26 October 1929, Page 2
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