An Bord Pleanála has ruled in favour of plans for a gas powered electricity generating plant near Cahir.
Mountside Properties Ltd previously had been granted permission by South Tipperary County Council to develop the project at Kilcommon, Cahir, Co.Tipperary at the end of January 2008, despite strong local opposition. Subsequently, six further appeals against the project were lodged with An Bord Pleanala.
A joint venture is expected to be carried out through Greener Peaking Ltd, and Mountside Properties interest in the joint venture is valued at some €40m.
Mountside is best known as the company which won the tender to build a €300m, 400mw gas-fired power station in Tynagh, Co Galway. It later sold down its shareholding, retaining a 20pc stake, while the remainder is owned by GE Energy Financial Services and Gama Construction.
The new company has application for planning permission for a number of small power stations in including Cahir, Co Tipperary, Kilkenny City and Claremorris, Co Mayo. In Cahir it is expected this project will now be fast-tracked.
The State Planning Appeals Board has now decided to reject their own inspectors recommendation, which was to refuse permission, and has given the green light for the development of the power plant subject to certain revised conditions.