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It will generate 30 MW of electricity – enough to power around 30,000 homes – and will be operational by mid-2007.
Around £10 million of the investment has come from a grant made under the Bio-energy Capital Grants Scheme. SembCorp has financed a significant element of its investment through a long-term project finance loan with French bank, Calyon, the corporate and investment banking arm of the Crédit Agricole Group.
A feasibility study is also being undertaken into the possibility of creating a separately owned and operated wood recycling facility on the Wilton International site to support the project and
SembSolutions, SembCorp Utilities UK’s in-house project team, will oversee the project with Foster Wheeler as the main boiler contractor.
The new power station will require around 300,000 tonnes of wood a year. This will come from a variety of sources and some will be stored on the site prior to being fed into the boiler. The wood will comprise specially grown energy crops, wood from conventional forestry, sawmill chips and recycled timber.