€50m power plant faces delay over REFIT bid
The brakes have been put on a €50m investment in an energy project in the midlands because of the delay in securing EU clearance for Renewable Energy Feed In Tariff (REFIT).
Biotricity has planning permission to redevelop the former ESB power station site in Rhode, Co Offaly, but cannot start work without a REFIT scheme being in place.
Such a scheme will guarantee 12c/Kwhr for electricity generated from renewable sources and is vital to the viability of the project.
The company plans to build a 15MW electricity generator fuelled mainly by willow.
The development will create 250 construction jobs, with 60 staff employed once the plant is operational, and a further 20 transport jobs.
Biotricity's Briain Smyth said that the power station would need 17,000ac of willow when it is at full capacity.
The company already has access to 800ac of willow and it plans to increase the contracted acreage by 3,000ac a year over a five-year period once the plant is working.