Construction on a €10m power station at a former industrial site in Dublin’s inner city is set to begin this week.

Power Station 1 is one of the first to be completed by the Power Supply Company, which operates the city’s main power station.

The company said in a statement on Monday that it would “begin construction on a 1.5-hectare (1.3-acre) complex which will provide approximately 150 homes and apartments to local residents”.

The company has been working on the project for over a year and said it was due to be complete in “the first half of 2019”.

A spokeswoman for the company said the construction was “the culmination of years of preparation and work to make this project a reality”.

The first homes will be erected in the town of Kilmacoy, which is the only local authority-owned industrial site on the site.

Kilmacoy is located just outside the city of Cork and the project is being managed by the Northern Ireland Development Agency (NIDA).

Ahead of the commencement of construction, the NIDA said it would be “extremely helpful” if anyone was willing to work for the project.

A spokesperson for Kilmacay Council said it has “very serious concerns” about the future of the town and it was important to ensure it was “managed properly”.

“The council is considering a number of options including seeking a court order for the construction of a new power station, but the immediate focus is to make sure Kilmacy residents can live in the new power stations, not build a new town centre,” she said.

The town is located on the north-west outskirts of the city and is home to around 200 residents.

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