Kind winds fuel Pacific Hydro
Saturday, 18 January, 2003
Australian renewable energy group Pacific Hydro has said that its first quarter was ahead of budget and the company was on track for full year growth.
"The first quarter result is above budget and should ensure growth in the coming year," Chairman, Kingsley Culley, told the annual meeting.
Pacific Hydro, which operates hydro power projects and wind farms in Australia and elsewhere, posted a 19 per cent rise in its 2001-02 profit in September to $31.9 million.
Managing Director, Jeff Harding, said that the group's international focus would be on hydro power, while Australian growth would concentrate on wind power projects.
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