Ferbane (Irish: Féar Bán, meaning "white grass") is a small town on the north bank of the River Brosna in County Offaly, Ireland, between Birr and Athlone at the junction of the N62 National secondary road and the R436 regional road. The name of the town is said to come from the white bog cotton which grows abundantly in the surrounding Bog Of Allen. Ireland's first milled-peat fired power station was commissioned by the Electricity Supply Board (ESB) at Ferbane in 1957. Since the station's closure in 2001, the Shannon Development agency and the ESB have invested €1.4 million in the development of a new Business & Technology Park which opened in 2005. A new playschool was also built on the site which opened in September 2006.