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From May 2019 to May 2024
By Giulia Petroni
E.ON SE (EOAN.XE) said Thursday that it plans to invest 110 million euros ($121.1 million) to build a biomass power plant at UPM-Kymmene Oyj's (UPM.HE) paper-mill site in western Germany.
The German utility said the plant, which is designed to have an electrical output of 20 megawatts and a thermal firing capacity of 87 megawatts, will supply heat to the Hurt paper mill and reduce its CO2 footprint.
The project is scheduled to start operations in the first quarter of 2022 and could create more than 30 new jobs, according to E.ON.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 28, 2019 05:58 ET (10:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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