Hunt starts for Square Mile £4bn heat network developer
The City of London Corporation has kicked off a £4.3bn tender race to find a development partner to design, build and run a flagship low-carbon heat network across the Square Mile.
New modelling shows the system could ultimately supply heat to around 1,200 buildings and rely heavily on the River Thames for strategic heat supply.
The 42-year concession will see a single private partner create and run a Special Purpose Vehicle to take the network through design and development to constructio
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