Kedco to construct 10-MW biomass CHP plant in UK

Jul 3, 2013 - Ireland-based green energy firm Kedco Plc (LON:KED) said Tuesday it would build a 10-MW biomass-fired combined heat and power (CHP) plant in southwestern England for property developer London & Devonshire Trust Ltd.

Kedco had sealed a heads of terms for the project with LDT Ltd, a unit of the London & Devonshire Trust. A binding option contract is expected to be inked at the end of this month, with the planning process expected to begin immediately after that.

The biomass system will be constructed in an energy park, currently being built by LDT in Plymouth. A grid connection for the park is already available, Kedco noted.

Meanwhile, Kedco said it was in advanced talks for the construction of a similar biomass CHP system of 10 MW in Waterford, Ireland, and expects to strike a contract before the end of July.

Since the end of 2012, Kedco has boosted its development portfolio to 146.8 MW currently from 70 MW, ahead of its target for the year, it said.

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