The joint venture was established in 2013 in an agreement between BWSC and Copenhagen Infrastructure I. The aim was to create, own and operate power plants abroad and the first of these was created in the UK at Brigg, Lincolnshire. The company has now signed a contract for another biomass plant at Snetterton in East Anglia.
“When we first created the company, I expected that by combining our leading technology in the field of power plants with strong financial powers we would create a company with strong competitive abilities” said Anders Heine Jensen, CEO of BWSC. “What we see today is exactly that.”
BWSC will be responsible for construction, operation and maintenance of the new power plant across a 15-year period. The aim is to get the plant running by spring 2017. It will have a capacity of 44.2 MW, equivalent to the average energy usage of 82,000 households and displacing 300,000 tons of carbon dioxide per year. The plant will use locally-supplied straw, a supply of which has been secured by the company for the next 12 years. It incorporates Danish technology, the main component being a boiler supplied by Danish company Burmeister & Wain Energy (BWE), which is especially suited for firing with straw.
PensionDanmark will invest DKK 1.4 billion financed through Copenhagen Infrastructure I and managed by Copenhagen Infrastructure Partners. BWSC will invest DKK 0.2 billion. The total investment in the project will be DKK 1.6 billion. The Snetterton project developers are Iceni and ECO2, who also developed Brigg.
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