(Alliance News) - InfraStrata PLC said Thursday Department of Agriculture, Environment and Rural Affairs will proceed to the public consultation phase the issuance of marine licence for the Islandmagee Gas Storage Project.
The company said the purpose of this public consultation is to complete one of the elements of the marine licence process.
The process will commence on Friday and will run over the Christmas and New Year holiday periods and will close on February 7, allowing additional time than legally required given the Christmas holiday period.
InfraStarata said completion of the entire process is expected to lead to converting the existing draft marine licence to a full marine licence as well as updating the current abstraction and discharge licences.
John Wood, interim chair and chief executive officer, said: "We continue to remain of the firm belief that there should be no reason why the existing draft Marine Licence will not be converted to a Full Marine Licence after following due process. We further look forward to ramping up enabling works early in 2020."
InfraStrata shares closed 1.6% lower in London at 0.32 pence each on Thursday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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