US-UK venture for new capacity
Central and South West Corp. of the USA and the UK`s ScottishPower have announced a $320m deal to construct a 400 MW power plant in the south of England.
The two companies have formed a joint venture, South Coast Power Ltd., to develop the plant which will operate on natural gas. Operation is planned for late 2000, and the plant is aimed at meeting the growing demand for low cost electricity in the south of England.
The combined cycle plant will be located at Shoreham Harbour in West Sussex on the site of the former Brighton B power station. It has already been granted consent by the UK Department of Trade and Industry. Financing for construction is expected to be completed in spring 1999.
An IVO-Mitsubishi joint venture has been selected by BP to build, own and operate a combined heat and power plant at BP`s Grangemouth, Scotland complex. The plant will produce 230 t/h of steam as well as 130 MWe of electricity.