Forth Ports boat is still to come in

By Alistair Osborne, Assistant Editor Published: 9:11PM GMT 05 March 2010

Forth"s arch senior manager has only sailed turn the institutions explaining the worth sealed up in the company"s freehold estate some-more than 1,000 acres in Scotland (plus 4,500 some-more on the seabed) and 725 in Tilbury.

Although Forth"s skill growth plans are on hold, behind by the falling market, Hammond"s ultimate thought is to make use of a little land to set up 4 renewable appetite plants, generating 500MW of power.

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The formulation consents alone, supposed Forth gets them, are worth �100,000 to �380,000 per megawatt, formed on chronological transactions. But the genuine worth is in the additional load doing to fuel plants with a 30-year lifespan.

A �612m bid doesn"t constraint such upside. Which is why, unless the consortium pushes the vessel out, Hammond can happily discuss it them to go onward and etc etc.

alistair.osborne@telegraph.co.uk