Nest House / Old Fold Estates - Heat Network Extension
Report of the Strategic Director, Economy, Innovation and Growth
Minutes:
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Consideration has been given to a grant to Gateshead Energy Company Ltd, for the purpose of progressing designs for a heat network extension into Old Fold and Nest House Council estates. |
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The alternative option to that being recommended, but which was discounted, included providing a loan to Gateshead Energy Company Ltd. |
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RESOLVED - |
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That a grant to Gateshead Energy Company Ltd, of the amount set out in the report, for the proposed design and procurement of a heat network extension to Old Fold and Nest House Council estates be approved. |
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The above decisions have been made for the following reasons: |
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(A) |
To allow project feasibility to continue. |
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(B) |
To support the Council’s Climate Emergency Action Plan and Zero Carbon Heat Strategy. |
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(C) |
To grow jobs and skills in heat networks, to support the Economic Development Strategy. |
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(D) |
To continue to reduce cost and carbon emissions of energy supply for Gateshead residents. |