Mayo energy firm would leave €100m liability if liquidated
Mayo Renewable Power is planning a €120 million biomass plant in the county
A struggling Mayo renewable energy company whose project was launched last year by Enda Kenny would leave a gaping €100 million liability if it were to be liquidated, The Sunday Business Post has established.
Mayo Renewable Power Ltd, which had a court-appointed examiner installed last week, is planning a €120 million biomass plant in the county, but has run into a range of financial difficulties in recent months.
The main source of its difficulty is...
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