Industry & Business

Veolia wins €450m contract to operate Co Mayo energy plant

 Breaking News
  • Arkphire Secures New Investment IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million. Arkphire provides [...]...
  • Government Investment in Research & Development Amounts to Over €750 Million in 2018 The latest figures on Government investment in research and development (R&D), published by the Department of Business, Enterprise and Innovation, show that over €750 million is estimated to have been invested in R&D in 2018. The data in The Research and Development Budget 2017-2018 publication is compiled from a comprehensive survey of thirty Government Departments [...]...
  • Smart Dublin in Partnership With Enterprise Ireland Award 21 New Innovation Contracts Approximately €700,000 is to be awarded to companies under Enterprise Ireland’s Small Business Innovation Research (SBIR) initiative which will enable them explore innovative solutions to address challenges faced by Local Authorities. 21 companies have been awarded Phase One funding to progress the feasibility of their solutions. Phase One funding will allow each recipient to carry [...]...
  • Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns Tourism performance throughout 2018 continues to be on a strong footing, according to the latest Fáilte Ireland Tourism Barometer. The survey of more than 500 tourism businesses around the country shows over half of the tourism industry is reporting their business to be up, with two thirds (64%) saying that tourism agency supports have been [...]...
  • Glanbia to Acquire SlimFast For $350 Million Glanbia, the global nutrition group, has agreed to acquire SlimFast and other brands for $350 million from the owners KSF Holdings LLP and HNS Intermediate Corporation. SlimFast is a leading weight management and health & wellness brand family distributed primarily in the food, drug, mass and club (FDMC) channel in the US and UK. It [...]...

Veolia wins €450m contract to operate Co Mayo energy plant

Veolia wins €450m contract to operate Co Mayo energy plant
June 15
12:36 2015

Veolia has been awarded a €450 million deal to operate a wood-fuelled biomass power plant in Killala, Co Mayo.

The company said it secured a 15-year contract from Mayo Renewable Power to operate the new 42.5-megawatt heat and power plant, which will produce enough electricity to supply 68,000 homes.

In addition to operating and maintaining the power production plant and the adjacent fuel processing plant, Veolia will also be supplying the total biomass fuel requirement for the facility.

The facility will use similar technology to that applied at Veolia’s biomass facilities at Merritt and Fort St James in British Colombia, Canada, which are among the largest plants in North America.

The new facility is due to start operations in mid-2017. Full construction activity is to commence immediately. Construction group John Sisk & Son is to build the plant and the project will create up to 350 jobs at its peak. The generating station will employ 30 people once it is up and running.

Ireland is aiming to get at least 40 per cent of its power needs from renewables by 2020.

“This facility is Ireland’s largest independent biomass power plant and for Veolia represents the largest of its kind under our management in Ireland and the UK,” said Estelle Brachlianoff, Veolia’s senior executive vice president for UK and Ireland.

Veolia has been operating in Ireland since 1990 and currently employs 500 staff across its three business activities in water, waste management and energy.

US-backed Mayo Renewable Power last week confirmed that it has secured finance for the project, which is expected to cost €180 million from its equity backer, US firm,Weichert Enterprise, along with loans from three banks, AIB, Ulster and Barclays

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4