The Tees Renewable Energy Plant, being developed by MGT Power, will have a 295 megawatt (MW) capacity, enough to power 600,000 homes in the region. It is scheduled to come into commercial operation in late-2012.
“We are at an advanced stage with forestry establishment for fuel sourcing, and power plant procurement,” says Chris Moore, director of MGT Power. “We can now mandate our banks, conclude the financing and reach agreement with our preferred technology bidders.”
Moore
