Kedco, a clean energy provider across UK and Ireland, has entered into an agreement with the Londonderry Port & Harbour Commissioners to set up a biomass plant in Northern Ireland.
As part of the deal, the company will acquire a 10 acre site for lease within the Londonderry Dock. The company will set up a 25MW biomass electricity and heat generating plant at the site.
The port already has 400MW ESB Coolkeeragh gas fired power plant and a biomass project, which has received planning permission.
Kedco intends to sign a binding option agreement before the end of March 2013, following which the planning process will begin.
The company has also begun pre-planning consultation process for the extension of its Newry Biomass project by 4MW. This will bring the total capacity of the Newry project up to 8MW once all phases are completely constructed.
Kedco also noted that it expects the Altilow wind project to begin operations by mid-2014 following the completion of 12 months of wind studies.