Kedco announces new biomass power project
Ireland-based Kedco plc has announced the signing of heads of terms with Londonderry Port & Harbour Commissioners for a new biomass power plant, which will feature a capacity of up to 25 MW. The company has also issued an update of its project portfolio.
Regarding the new Londonderry project, Kedco said it has the option to lease a 10-acre site within Londonderry Dock, Northern Ireland, to construct a combined-heat-and-power (CHP) plant. According to the company, the proposed site is located in the area of the port that already contains a 400 MW gas-fired power plant, as well as another proposed biomass project. While the heads of terms signed by the parties are not legally binding and are subject to contract and the completion of formally executed legal documentation, Kedco said it expects to sign a binding option agreement by the end of March. The planning process will start immediately following the signing of the agreement.
In the update, Kedco also noted it has started the pre-planning consultation process for a 4 MW extension to the Newry Biomass project, which will bring the total capacity of the facility to 8 MW. The expansion would be developed on land currently leased by Newry Biomass Ltd. According to Kedco, a planning submission for the extension will be submitted by the end of June, with a decision expected by the end of 2013.
In late December, Kedco announced it had completed the acquisition of Reforce Energy Ltd., a renewable development company that is focused on the development of small-scale renewable energy projects across various technologies. According to Kedco, Reforce already has an active pipeline of more than 60 projects in the U.K., Ireland and Northern Ireland, representing a potential capacity of more than 40 MW. These projects are currently in various stages of development.