Geological surveys are taking place on the site of a proposed hydro-electric plant in North Tipp.
The €600 million project at the disused mine site in Silvermines will produce and store electricity using the latest technologies.
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When up and running it will have the capacity to power 200,000 homes.
The hydro-plant is expected to generate 400 jobs in construction and 50 in operation.
The Pan European Research Project is currently on site ahead of the lodging of a planning application with Tipperary County Council.
Local TD Alan Kelly says this is a major step forward.