A new hydro electric project has been announced for Silvermines in Tipperary. A joint venture between Siga Hydro, Irish construction company Roadbridge and Austrian construction and technology companies Strabag Group and Andritz Hydro will see construction of the large 360MW plant. It is designed as a zero-emission generation asset.

The plant is expected to require an investment of €650 million and to generate 50 permanent jobs in the area.