November 18, 2016
BY Erin Krueger
MGT Teesside Ltd. recently announced it has finalized financing arrangements for the Tees Renewable Energy Plant, a 299 MW combined-heat-and-power (CHP) facility under development in the U.K. The power plant will be located on land within the Teesport Estate near Middlesbrough in northeast England.
In August, the company said site preparation work was set to begin within weeks, followed by main construction a few months later. Commercial operations are currently expected to begin in 2020.
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Later that month, PX Engineering Consultants Ltd., part of the PX Group, announced it has awarded Pöyry with the technical services assignment for its technical owner’s engineering contract with MGT Power Ltd. for the project. In addition, Fortum has signed a 10-year operation and maintenance agreement with MGT Teesside for the facility.
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