Wyre Power signs agreement with Chinese State CompanyPublished Tuesday, 31 October 2017
Wyre Power Ltd, part of the NPL Group have announced the signing of a Collaboration Agreement on Tuesday 24 October 2017 with China Machinery Engineering Corporation (CMEC).
The event took place at the House of Commons, hosted by Paul Maynard, MP for Blackpool North and Cleveleys. The event was supported by Wyre Council, the UK Department for International Trade and the UK Chinese Embassy.
The agreement paves the way for Wyre Power to push forward plans for a new gas-fired power station on the Hillhouse Enterprise Zone. The 900 MW plant would be sufficient to power one million homes and works have commenced on the Development Consent Order and is expected to be operational by 2022.
Paul Maynard MP commented: “I was delighted to have played a part in this important signing ceremony of a £500m investment into skilled quality jobs in our local area, and it was an honour to play host to it in Parliament. I’ve been a long advocate of the Hillhouse International site which is why I battled to have it made an Enterprise Zone, and Assisted Area Status. With the new A585 and further development space remaining I can only see great things for Hillhouse International and those companies that choose to invest and grow their businesses on it.”
Group Chairman and Chief Executive Officer of the NPL Group, Robert McFarlane described the signing as the culmination of intensive work by all parties over the past two years. A ground-breaking event for Wyre, Lancashire and the wider UK economy, this project forms the start of what all parties hope will be fruitful partnership with this Chinese giant across the UK.
Garry Payne, Chief Executive of Wyre Council commented: “We’ve been in discussions with NPL and their Chinese partners for over two years and we are delighted that this has come to fruition. The signing marks an historic moment and a significant investment in Wyre, hopefully the first in a series of many more to come.”
Cllr Peter Murphy, Planning and Economic Development Portfolio Holder for Wyre Council commented: “The signing is the first step on the way to £500 million of investment and the creation of over 600 jobs in construction alone should the project get the green light. It’s fantastic news for the area and is a real boost for the Enterprise Zone.”
Wyre Power have been working with CMEC’s sister company China National Electric Engineering Company (CNEEC) on developing the design of the powerplant and both Chinese companies will be involved in the project going forward.
Simon Towers, Managing Director of the NPL Group believes the Hillhouse Enterprise Zone Power Station as it will be known is a perfect fit to the balance of industry and employment that is active and growing on Hillhouse and forms the cornerstone for the emerging Masterplan for the EZ.
The project will now move into a design development phase before the first round of public consultation to be undertaken in the New Year.