Chinese firm bids for key UK coal-fired power plant

A subsidiary of China General Nuclear Power Group (CGNPG) is bidding to acquire the Eggborough coal-fired power plant in Yorkshire, England, which provides 4 per cent of the UK’s electricity needs.

Last week CGNPG was officially confirmed as a stakeholder in the country’s first nuclear power plant in a generation.

Eggborough coal-fired power plant
Meiya Power, a subsidiary of CGNPG is in the running to acquire the 2 GW coal-fired power plant in North Yorkshire.

The Daily Telegraph reports that environmental regulations and the carbon tax are likely to force the plant to close down within a couple of years unless it is converted to burn biomass.

Eggborough’s current owners, a consortium including several hedge funds, are seeking a major injection of equity to fund the £500m conversion, or an outright sale.

The plant’s current owners are developing plans to convert three of its four units to burn biomass not coal, with a capacity of 1.35 GW and at a cost of at least £400m. Converting all four would cost more than £500m.

Last week it emerged Eggborough was one of the projects that had pre-qualified to share in £40bn of infrastructure loan guarantees from the Treasury.

If the plant is converted to run on biomass, it will also be eligible for a long-term subsidy contract from the Government to guarantee its revenues.

The current owners are thought to be frustrated at the slow pace of securing both the loan guarantee and the subsidies for the conversion to go ahead.

For more European power generation news

Follow Power Engineering International on Twitter




Editor's Picks

Johan Sandberg

Securing the future of offshore wind: steps to reducing the cost of energy

Offshore wind as a source of energy is still unknown in many parts of the world. In other parts it is still a distant drea...

IEA says energy system stresses cannot be ignored

The world’s policymakers must not lose sight of the long-term signs of stress that are emerging in the global energy syste...
Georg Oppermann of EON

E.ON points to 'relative' health despite disappointing results

Germany’s biggest utility has recorded a 25 per cent drop in its profit for the first nine months of 2014. However a spoke...
Sigmar Gabriel

German government to step in on Vattenfall sale

A document has emerged, indicating Germany’s intention to persuade Swedish utility Vattenfall not to sell its lignite powe...
Prime Minister Viktor Orbán

Hungarian government says nuclear plant should be above politics

An official from the Hungarian government says that the development of a significant power plant for the country should be...

PEI Magazine Issues



>> Current Issue           >> Past Issues

Latest Wire News

Pacific Energy Development Begins Loomis Wells Completion Operations

Pacific Energy Development Begins Loomis Wells Completion Operations

The Future Looks Bright for Nigeria: New Generation Power to Light Up 1 Million Homes

The Future Looks Bright for Nigeria: New Generation Power to Light Up 1 Million Homes

$2.46 Million Sustainability Retrofit Begins at LINC Housing's Low-Income Apartment Community in Lancaster

$2.46 Million Sustainability Retrofit Begins at LINC Housing's Low-Income Apartment Communit...

Pentagon 25-Year-Old "Sham" Program to Be Renewed by Congress

Pentagon 25-Year-Old "Sham" Program to Be Renewed by Congress

PALMco Expands Commitment to Local Communities by Partnering With DonorsChoose.org to Fund Teachers' Projects

PALMco Expands Commitment to Local Communities by Partnering With DonorsChoose.org to Fund T...


Editorial Guides

How to cut your OPEX

How to cut your OPEX In a constantly evolving electricity market, factors such as over capacity and low coal costs can pu...

Alstom Editorial Guide: Thailand to showcase latest upgrade of Alstom's GT26 in combined-cycle

Read all about Alstom's new advanced GT26 gas turbine in the North Bangkok CCPP expansion project online with the Power En...

PLEXOS® Integrated Energy Model – Leading the Field in Energy Market Modelling

PLEXOS® Integrated Energy Modelling is an advanced software tool that employs the latest mathematical programming methods ...

Buyers Guide Companies

Huggenberger AG

AVC Specialists Inc

POWERCON 900 electrostatic precipitator voltage controllers, RAPPERCON 9...

Standardkessel-Baumgarte Group

Founded more than 80 years ago, Standardkessel and Baumgarte are today a...

URS

URS plans, designs, engineers, constructs, retrofits, and maintains powe...

Mid America Engine Inc

Mid-America Engine is a distributor and reseller of new and used, diesel...

Moisttech

Dynamic Systems Inc

Barcode Tracking Includes: > Equipment & Tool > Inventory > ID Badge Sys...

EPG Enginuity Portable Grid

Enginuity Portable Grid (EPG) designs and manufactures unique rental gra...

M+M Turbinen-Technik GmbH

M+M Turbinen-Technik designs and manufactures steam turbines and package...

Paharpur USA

Manufactures water cooling towers, air cooled heat exchangers (fin fan c...

Buyers Guide Products

Spare parts manufacturing / Re-engineering / CNC / CMM / Machining / workshop service

CMM/laser scanning technology (workshop, r...

Steam turbine maintenance / overhaul / (blade) repair / outage management

Outage delivery/managementOn-site inspecti...

Gas turbine maintenance / overhaul / (blade) repair / outage management

Outage delivery/managementProject manageme...

Hydro turbine maintenance / repair / overhaul / rebuild service

Outage support in workshop/on-site Site i...

Inspection service (Nondestructive testing and evaluation)

Life time evaluationPhased array /Ultrason...

Transformer Oil Moisture Measurement Instruments

Vaisala offers a wide variety of online tr...

DPT145 Multiparameter Transmitter for SF6 Gas

DPT145 is a unique innovation that enables...

SNCR - NOxOUT and HERT

25-50% NOx reduction - Urea-based Customiz...

TIFI Targeted In-Furnace Injection

Improve Fuel Flexibility - Reduce Slagging...

ASCR Advanced SCR

80% + NOx Reduction - Lower Capital and Op...

Power Engineering International

Whitepapers

Understanding Moisture Dynamics in Power Transformers

In this webinar recording "Moisture Dynamics in Power Transformers" (held originally in September 23, 2014) you will have a chance to learn about the phenomena and its importance to your ...

How to lower your total cost of ownership on DC Control Power

In this whitepaper, we look at implementing battery management solutions and how smart battery management effectively lowers the total cost of DC Control power systems and the risk of their failure...

Portfolio Optimization by PLEXOS

To achieve Portfolio Optimization, PLEXOS performs the Security Constrained Unit Commitment and Economic Dispatch using Mixed Integer Programming (MIP) to minimize a cost function subject to all op...

Evaluating cogeneration for your facility: A look at the potential energy-efficiency, economic and environmental benefits

The energy-efficiency, economic and environmental benefits of cogeneration are the subject of this in-depth white paper. The paper argues that producing electricity and heat/cooling from the same f...

The Effect of Moisture on the Breakdown Voltage of Transformer Oil

Power transformers utilize oil as a heat transfer medium and a dielectric material, together with cellulose. Breakdown voltage (dielectric strength) is one of the most important parameters of trans...

Improving Mission Critical Cooling Systems With More Reliable Level Sensing

The choice of coolant level sensor may seem like an insignificant detail when designing complex machinery such as emergency generators and cranes, but if this sensor fails, the operator has no warn...

Steps Towards a Low Carbon Future: Solutions and Technologies That Will Support the Global Revolution Required

A smart grid is becoming more and more essential as clean energy becomes more dominant. In addition, the demand for electricity is expected to treble the ability to supply it over the next decade. ...

Latest Digital Edition

  Power
  Engineering
  International
Look Inside >
Cover
Current Issue

Article Archives for Power Engineering International Magazine

Latest Energy Jobs

View more Job Listings >>