Equitex’s input can shorten the build time for Uskmouth says Tim Cornelius, CEO of Simec Atlantis (LON:SAE).
The infrastructure fund is investing £33mln for a 25% stake of the Uskmouth waste to power plant in Wales, but in addition to financial support Equitex can bring huge experience to bear, Cornelius says.
That can help reduce the estimated 12 month timeline for the front end design (FEED) work and potentially shorten the time for Uskmouth to be up and running.
Elsewhere, Simec Atlantis has just signed a joint venture agreement with the Region of Normandy for tidal power projects.
Normandy has a lot of tidal power resource, spare grid capacity, a feed-in tariff for tidal power and importantly by being in France the joint venture can access EU funds, says Cornelius.