Menu
22/10/2013
Larne Lough Project Shortlisted For Govt Guarantee Scheme
A £400 million gas storage facility, proposed to be built under Larne Lough, has been shortlisted for a government funding guarantee scheme.
Under the plans, seven excavated caverns under the lough would hold 60 days worth of imported natural gas.
The project has now been shortlisted for a UK Guarantee scheme, which allows the government to act as a guarantor for part of the value of the project, meaning that banks or potential investors are sure to get their money back should scheme not go to plan.
The Larne Lough project is now at the "prequalification" stage meaning that it is eligible for the scheme.
(MH/CD)
Under the plans, seven excavated caverns under the lough would hold 60 days worth of imported natural gas.
The project has now been shortlisted for a UK Guarantee scheme, which allows the government to act as a guarantor for part of the value of the project, meaning that banks or potential investors are sure to get their money back should scheme not go to plan.
The Larne Lough project is now at the "prequalification" stage meaning that it is eligible for the scheme.
(MH/CD)
Related Northern Ireland News Stories
Click here for the latest headlines.
13 May 2003
Belfast Council invests in arts sector
Belfast City Council is to invest over £86,000 in 25 of the city’s arts and heritage organisations through its Culture and Arts Project Grant Scheme. This follows an investment of almost £658,000 in 37 of Belfast’s venues, theatre companies and galleries last month through the scheme.
Belfast Council invests in arts sector
Belfast City Council is to invest over £86,000 in 25 of the city’s arts and heritage organisations through its Culture and Arts Project Grant Scheme. This follows an investment of almost £658,000 in 37 of Belfast’s venues, theatre companies and galleries last month through the scheme.
04 January 2012
Recognition For First APM Register Project Professionals
The Association for Project Management (APM) has recognised the first Northern Ireland recipients of its new APM Registered Project Professional (RPP) designation.
Recognition For First APM Register Project Professionals
The Association for Project Management (APM) has recognised the first Northern Ireland recipients of its new APM Registered Project Professional (RPP) designation.
23 August 2006
Zebra Mussels continue to spread
The Department of the Environment (DOE) has confirmed concern that Zebra Mussels have spread to Lough Neagh. Zebra Mussels were first discovered in Northern Ireland in Lough Erne in 1997 and every effort has since been made to prevent their spread to other waterways.
Zebra Mussels continue to spread
The Department of the Environment (DOE) has confirmed concern that Zebra Mussels have spread to Lough Neagh. Zebra Mussels were first discovered in Northern Ireland in Lough Erne in 1997 and every effort has since been made to prevent their spread to other waterways.
17 October 2022
Power NI To Increase Electricity Tariffs By 60.5%
Northern Ireland's largest electricity supplier, Power NI is set to increase its tariff by 60.5% from 1 November 2022, impacting over 471,000 households. However, this significant increase will be offset by the UK Government Energy Price Guarantee Scheme that will take effect for all domestic energy consumers on the same date.
Power NI To Increase Electricity Tariffs By 60.5%
Northern Ireland's largest electricity supplier, Power NI is set to increase its tariff by 60.5% from 1 November 2022, impacting over 471,000 households. However, this significant increase will be offset by the UK Government Energy Price Guarantee Scheme that will take effect for all domestic energy consumers on the same date.
28 November 2024
New Grants Scheme To Tackle Domestic And Sexual Abuse
The Justice and Health Ministers have launched a new small grants scheme aimed at reducing domestic and sexual abuse. The Domestic and Sexual Abuse Strategy Small Grant Scheme will support community and voluntary organisations working with victims of abuse.
New Grants Scheme To Tackle Domestic And Sexual Abuse
The Justice and Health Ministers have launched a new small grants scheme aimed at reducing domestic and sexual abuse. The Domestic and Sexual Abuse Strategy Small Grant Scheme will support community and voluntary organisations working with victims of abuse.
-
Northern Ireland WeatherThis Evening and Tonight:Another cloudy and mild night with the odd spot of light drizzle. More widespread outbreaks of rain will spread southeast into western parts of Tyrone, Fermanagh and Derry late in the night. Minimum temperature 8 °C.
