Developers behind one of the world’s biggest biomass plants being built in Teesside are pleading for an extension to a key deadline on energy prices as delays beset the project. Company MGT Teesside began construction work on the £650m Tees Renewable Energy Plant in 2016 with backing from Australian investment giant Macquarie and PKA, a Danish pension fund. The plant near Middlesbrough is intended to produce enough low-carbon electricity to power 600,000 homes every year using more than 2.4m tonnes of wood pellets and wood chips. It was originally due to be commissioned in July 2018 but has been plagued by industrial action, construction setbacks as well as delays caused by pandemic, which resulted in the original contractors being kicked off the project. Project sources said the delays have forced MGT to ask the Low Carbon Contracts Company (LCCC), an arm’s length company owned by the Department for Business, Energy and Industrial Strategy (BEIS), for a three-month extension to a Dec 10 deadline for the commissioning of the plant.
Telegraph 4th Sept 2021 read more »