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Newcastle Herald
Newcastle Herald
National
Matthew Kelly

Wealthy families stump up $80 million for Singleton biomass generator

The businessman behind a controversial plan to resurrect the disused Redbank Power Station near Singleton as a biomass generator says investors have stumped up $80million to help bankroll his company's vision.

Verdant Earth Technologies chief executive Richard Poole told the Newcastle Herald several "high net worth Australian families" had recently invested in the company's biomass strategy.

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