A mothballed power station in Derby has been sold, with the new operators planning to recommence electricity generation in the near future.
It used to provide heat to the adjacent chemical factory, Celanese, in Spondon but stopped generating in 2012 when it closed.
The company said the power station will undergo a period of investment and the site will be used to generate electricity from gas in mid-2019, with the aim of providing flexible services to National Grid in the Capacity Market.
Kieran Tames, Development Manager at Peel Environmental added: “The UK increasingly needs flexible power sources that support the growth of renewable which are largely intermittent and weather dependent. Re-using existing sites like this is not only good for the security of supply but enables power to be produced locally.”