Teesport energy plan go ahead

Plans for a new £500m Renewable Energy Plant at Teesport moved a step closer yesterday as the Government granted the scheme consent under the Electricity Act.

The scheme by MGT Power will be one of the largest-ever biomass plants to be built in the world.

Chris Moore, director of MGT Power said: "The Government’s consent is welcome news as we are at an advanced stage with forestry establishment for fuel sourcing, and power plant procurement.
"We can now mandate our banks, conclude the financing and reach agreement with our preferred technology bidders. We are moving towards an early construction start with a high degree of confidence.

The biomass feedstock for the Tees Renewable Energy Plant will be sourced from certified sustainable forestry projects developed by the MGT team and partners in North and South America and the Baltic States.

These projects will provide clean burning woodchip, which delivers 95% greenhouse gas savings in comparison to coal or natural gas through the life cycle and will not use high quality land suitable for food crops