PD Ports, the owner of Teesport, welcomes the Government’s decision to approve MGT Power’s 295 megawatt (MW) wood fuelled power station which is to be built on the South Dock area of the port. One of the largest biomass plants set to be built in the UK, the Tees Renewable Energy Plant will produce enough carbon neutral, sustainable electricity to power 600,000 homes across the North East. MGT Power’s $819.8m investment is bringing a new impetus to the area in terms of the size of its renewable energy power station.