ALL MARKETS
Change the country
   News    Agenda 
  Go to the home page
Search:   in   
 Tips and General information

  News 


11/11/09 | Empresarios por el Mundo

Iberdrola clears way to winning contract for clean carbon plant in United Kingdom


Iberdrola has virtually won the open tender launched by the British Government to develop viable carbon capture and storage technology in the United Kingdom. The Spanish electricity company is currently the only candidate that meets all the requirements demanded by the government of Gordon Brown, according to the Spanish daily newspaper Cinco Días.

 

Its possibilities have increased since the German electricity company RWE and its partners (Dong Energy and Peel Holdings) decided not to enter the second round of the bidding, which required the preparation of a technical and commercial study for a future plant.

 

This means the only companies that are still in the race to win the contract for this project are Scottish Power (Iberdrola’s Scottish subsidiary) and Eon. However, this German firm already announced a month ago that it will not be able to meet the deadlines demanded by the government, and that they are going to delay their proposed plant “by two or three years” due to the crisis and the fall in demand for electricity.

 

The British Government has decided that, starting from now, any proposals for new coal-fired electric power stations in excess of 300 megawatts must include viable carbon capture and storage systems. Coal accounts for more than 35% of the electricity generated in the United Kingdom.

 Back 

The Spanish Presidency of the EU
 About Us  Contact Us  Legal Notice Privacy Policy