Multi-million pound investment in firm behind planned Belfast power station
Northern Ireland's largest local venture capital fund, Crescent Capital, has invested in the firm behind a planned new power station in Belfast.
The precise size of Crescent Capital's investment has not been disclosed, but it is described as "multi-million".
Belfast Power is proposing to build a 480MW gas-fired station in the Belfast Harbour Estate.
A recent filing shows a Crescent Capital fund holds 1200 preferred shares in Belfast Power.
Belfast Power Holdings controls 4000 shares.
A director of Belfast Power, Ciaran Devine, said the investment marks a "significant milestone" in the project.
He added that the design of the power station is being finalised and a planning application will be submitted in the coming weeks.
Evermore Energy has previously developed a 16MW biomass power station at Lisahally in Londonderry.
Crescent Capital's previous investments include Andor Technology, Balcas and PathXL.