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Belgian Langerlo plant files for insolvency

21 Apr 2017, 3.24 pm GMT

Belgian Langerlo plant files for insolvency

London, 20 April (Argus) — Belgian coal-fired power plant Langerlo filed for insolvency today.

The 556MW plant, owned by Baltic wood pellet producer Graanul Invest, filed the request with the Antwerp commercial court's Tongeren division. Two receivers of Langerlo were appointed.

The decision was made after the Felmish Energy Agency (VEA) refused an application earlier this month to extend the deadline to convert Langerlo to biomass by the summer of 2018. If the project was not operational by this date it was due to lose its subsidies.

VEA yesterday rejected a final plan to convert Langerlo to biomass and gas, according to plant manager Marc Rommens.

Langerlo was expected to generate 1.8mn t/yr of wood pellet demand once converted to biomass.

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