Stobart lines up funding for Widnes power station
Date added:
21/11/2014
STOBART has raised the £110m required to start building a combined heat and power biomass plant at its site in Widnes. Stobart's infrastructure arm said it is investing £7.5m for a 40% stake in the Mersey Bioenergy plant and will take £2m from the sale of the four-acre site. The Green Investment Bank will provide 49% of the equity and Burmeister & Wain Scandinavian Contractor, the project's Danish engineering, procurement and construction contractor, will take an 11% stake......
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