HOLYHEAD HYDROGEN HUB OUTLINE BUSINESS CASE
Meghan
Davies (Energy & Net Zero Programme Manager) and Hedd Vaughan-Evans
(Portfolio Director) to present the report.
Decision:
To approve the Outline Business Case for the Holyhead Hydrogen Hub
subject to Menter Môn addressing the matters identified in the report, as
described in Section 7, and requesting that a Full Business Case be prepared
for consideration by the Sub-Committee.
To reject the request for advance funding from Menter Môn for the
reasons set out in Section 7.
To authorise the Portfolio Director in consultation with the Chair,
Vice-chair, Section 151 Officer and the Monitoring Officer to agree draft terms
pursuant to this report as the basis for committing to the final funding
arrangements for the project, subject to approval of the Full Business Case.
To confirm that the Sub-Committee's approval is valid for a period of
twelve months and should the project not proceed to an approved Full Business
Case during this time, it will be required to return and submit the business
case to the Sub-Committee for approval.
Minutes:
The report was
presented by the Portfolio Director.
RESOLVED
To approve the
Outline Business Case for the Holyhead Hydrogen Hub subject to Menter Môn
addressing the matters identified in the report, as described in Section 7, and
requesting that a Full Business Case be prepared for consideration by the
Sub-Committee.
To reject the request
for advance funding from Menter Môn for the reasons set out in Section 7.
To authorise the
Portfolio Director in consultation with the Chair, Vice-chair, Section 151
Officer and the Monitoring Officer to agree draft terms pursuant to this report
as the basis for committing to the final funding arrangements for the project,
subject to approval of the Full Business Case.
To confirm that the
Sub-Committee's approval is valid for a period of twelve months and should the
project not proceed to an approved Full Business Case during this time, it will
be required to return and submit the business case to the Sub-Committee for
approval.
REASONS FOR THE DECISION
To
seek the Sub-Committee's approval of the Outline Business Case for the Holyhead
Hydrogen Hub.
DISCUSSION
The Report was discussed.