Feature, Freight News, Sea

Teeside powers ahead with biomass project

[ August 12, 2016   //   ]

Power station developer MGT Teesside has concluded financing arrangements for a  299 MWe biomass fuelled combined heat and power renewable energy plant on the Teesport Estate.

It will cost about £650m to construct and will be built under a turn-key “engineering, procurement and construction” contract by a consortium of Tecnicas Reunidas of Spain and Samsung Construction and Trading of South Korea.

PD Ports chief executive, David Robinsondescribed it as “excellent news for Teesside”. It would position the region as a major energy hub, create hundreds of jobs and many more in the wider supply chain. “Attracting such a significant UK energy infrastructure project to Teesport further complements recent investments made by PD Ports including the decision to redevelop our Number One Quay last year,” he added.