A Northumberland MP has welcomed the announcement of the sale of Lynemouth Power Station as ‘positive news’.
It has been sold by RWE to Czech firm Energetický.
Work is progressing to convert it into a biomass plant. It burnt its last coal last month.
The European Commission approved a Government grant for the change after it was questioned on state aid rules.
It is hoped that, after its conversion, the station will be able to generate around 2.3 TWH of energy a year – enough to power around 700,000 homes.
Wansbeck MP Ian Lavery said: “The new owners appear to be fully committed to the conversion, which has to be good news.
“Energetický is a major company with more than 20 power plants across Europe. If all goes to plan, this acquisition would secure not only the biomass conversion at Lynemouth, but also the jobs of some 130 local people.”