6 Nov 2006

Preliminary sale of Tonga's power generator, Shoreline

5:54 am on 6 November 2006

Tonga's sole power generator, Shoreline, is reported to have signed a preliminary sale agreement with a New Zealand company, Northpower of Whangarei.

The Chief Executive for the Shoreline, Soane Ramanlal, said the agreement was the first step, but there were still a number of conditions to be worked through.

The Matangi Tonga news site says the three parties to the sale, the Government of Tonga, Shoreline Power and Northpower must agree on a regulatory framework.

It's hoped that Northpower will be operating Tonga's electricity generation by early next year.