Construction suspended at MGT Teesside plant
UK biomass developer MGT Power has suspended construction of its 299MW Teesside biomass-fired combined heat and power (CHP) plant in northeast England.
Construction was suspended on 24 March as a result of the coronavirus outbreak.
Around 1,500 workers are employed on the project. Construction is managed by Spain's Tecnicas Reunidas and engineering firm Atlantic Projects. A number of maintenance staff remain on site.
The plant is still expected to start up on 31 July, according to UK state-owned Low Carbon Contracts' (LCCC) CfD register.
MGT was awarded a 15-year CfD subsidy in 2014, at an inflation-linked strike price of £125/MWh. The current strike price is £141.84/MWh, LCCC data show.
MGT is the world's largest newbuild dedicated biomass plant. It is expected to consume 1mn t/yr of wood pellets at full capacity.
Related news posts
Business intelligence reports
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more