Published Monday, 09 December 2013
The biomass facility, which is being created by Evermore Renewable Energy, will be the first of its kind on the island of Ireland.
It will generate 15.8MW, the equivalent of enough energy for 25,000 homes and businesses.
Two hundred people will be employed during its construction and once it is up and running in the summer of 2015, the plant will create 18 permanent jobs.
Ciaran Devine, co-founder of the firm behind the development, said: "Working with the best partners in technology, fuel supply and financing, we hope to show that Northern Ireland is a great place to do business so that further inward investment will follow."
Work got underway on Monday morning following a ground-breaking ceremony at the Londonderry Port & Harbour Commissioners' site at Lisahally.
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