Kedco Newry plant still on track for commissioning

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Tuesday, February 14th, 2012
UK and Ireland based company Kedco has this week announced that civil works are currently being carried out on its proposed Newry site and that the company is still on target to commission the first 2 MW capacity for the second quarter of this year. Newry Times reported in November that the company got the go ahead for its wood gasification plant in the city. Newry Times also reported that the company had made the first draw down of loan facilities for the plant. It is Kedco’s estimation that once operational, the Newry plant will sell approximately 29 million kilowatt hours per annum of renewable energy to the national grid in Northern Ireland. The company has also forecast pre-tax earnings of approximately £1.9 million per year. Related Articles: Kedco continue to seek finance for Newry plant Kedco makes first drawdown of loan facilities for new biomass plant in Newry Renewable energy developer gets go ahead for Newry project
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