EP UK Investments Ltd (EP UK), a subsidiary of Energetický a prumyslový holding (EPH), which owns the 2 GW Eggborough coal-fired power plant in the UK, has reached an agreement with RWE Supply & Trading GMBH. on the purchase of Lynemouth Power Ltd.
Lynemouth Power was a 420 MW coal-fired power plant that has been working with contractors to design a technical solution for full conversion of the power plant to run on biomass.
The EU gave the plant clearance on 1 December 2015 for its supporting Contract for Difference from the UK government. Once the conversion is complete, it will generate about 2.3 TWh of low-carbon electricity per year, which is sufficient to power around 700 000 homes or a city the size of Sheffield. The plant will operate at base-load, thus providing schedulable low-carbon electricity.
Neil O’Hara at EP UK commented: “We are pleased that EPH has made this investment and look forward to working closely with the Lynemouth Power team and its contractors to reach final investment decision. Whilst we are working under tight time constraints and challenging foreign exchange conditions, we believe that with the continuing efforts of the Lynemouth team and the ongoing support of the contractors the business will achieve its ambitions.”
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/power/15012016/eph-acquires-lynemouth-power-coal-plant-58/