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Retrieving Data

Note 32

For the Year Ended 31 March 2010

COMMITMENTS

Note 32

Subsequent to the end of the reporting period the Group has incurred additional capital commitments of $62,011,000 relating to the construction of stage one of its Mahinerangi Wind Farm. Additional contracts are expected to be signed in the coming months.

Electricity Purchase Commitments

The Parent has a long term contract with Mighty River Power Limited to purchase the output from the Rotokawa geothermal power station until 31 March 2013. This commitment cannot be quantified.

The Parent has a contract with Pioneer Generation Limited to purchase all of the output from its various generation sites. This commitment cannot be quantified.

The Parent has a contract with Ngawha Generation Limited to purchase all of the output from its Ngawha geothermal station. This commitment cannot be quantified.