The future of the plant, which is owned within a fund managed by Aviva Investors on behalf of public and private pension fund investors, has been thrown into question since redundancies at the site were announced in November.
In a letter received by vice-chair of the Docks Incinerator Action Group (DIAG) and Plaid Cymru Councillor Dennis Clarke, Aviva outlined the plant’s liquidation process.
The company stated: “A liquidator has now been appointed by the fund to manage the corporate vehicle containing the Barry biomass plant.
“This means that authority for decision making has now passed from Aviva Investors to the liquidator.
“The liquidator is legally obliged to act in the best interests of the fund (the…
