The chief executive of Mayo County Council said this week that he was "hopeful you would see a positive result" for the examinership process that the Mayo Renewable Power project is currently undergoing. This summer the High Court appointed Michael McAteer of Grant Thornton as interim examiner to Mayo Renewable Power, which had planned to build a wood-chip burning electricity generator at Killala at a cost of €180 million.
An Taoiseach, Enda Kenny, laid the foundation stone on the project this time last year, but over the last 12 months it encountered a number of financing problems. At the October meeting of Mayo County Council, Cllr Michael Loftus asked the chief executive for an update on the progress of the plant and its situation.
Chief executive, Peter Hynes, told the meeting: "The biggest project in financial terms in this county at the moment is the Mayo Renewable Power project, it has taken an enormous amount of time of this council for the last three months, since the project ran into financial difficulties. The project is going through the process of examinership and we're working with as far as we can to assist and support that process. It is not our project but to some extent it is our problem, because it is very important to this county it is completed and brought into production, it's very important. As of now the process has another 30 days in its first phase of examinership and possibly another 30 days after that, one would be hopeful you would see a positive result out of that. That's as much as can be said on that."
