Regional Development Agency One North East welcomed a second major biomass facility in the region.MGT Power announced today plans for a second facility, the 295MW Tyne Renewable Energy Plant (Tyne REP), to be built on industrial land owned by the Port of Tyne in North Shields.
The plant, which will be fuelled by some 2.4 million tonnes of clean wood chip fuel per year and provide up to 295MW of clean energy, represents an investment of over £400m, with the creation of 600 construction jobs, 150 on-site jobs, 300 – 400 indirect jobs and an annual spend of £30m in the local economy.
According to a press release published today, Ian Williams, Director of Business and Industry at One North East, said: “One North East welcomes this plan for further investment from MGT Power, which will further strengthen North East England’s position at the forefront of the new low-carbon economy”.
FinSMEs
10/08/2009