Monday 30 January 2012

Investment of £25 million into the UK sustainable infrastructure

The Malaysian giants KNM Group Berhad have announced the signing of an agreement with Poplar Holdings Limited for the exclusive rights to conclude the acquisition of the entire paid-up capital of its subsidiary, Poplar Investments Limited, owners of the land earmarked for the development of EnergyPark Peterborough in the East of England.

The agreement, will see KNM take ownership of the EnergyPark site, which is consented for the UK’s first 80MWe biomass from waste to power station. KNM had earlier signed a deal worth UK£450 million (US$705.982 million) with the developers, Green Energy Parks’ (GEP) subsidiary, Peterborough Renewable Energy Ltd in 2010 for the engineering, procurement and construction of the waste to power station. Read more ...
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