SOURCE: Industrial Info Resources

October 12, 2009 04:06 ET

E.ON Shelves £1.5 Billion Kingsnorth Coal-Fired Plant Replacement, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - October 12, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- E.ON AG (OTC:EONGY) (Dusseldorf, Germany) has shelved plans to update the Kingsnorth coal-fired plant in Rochester, England, a project estimated to be worth £1.5 billion ($2.4 billion). The company claimed that the decision to pull the plug on the addition of two new units (#5 and #6) totalling 1,600 megawatts (MW) to replace four aging units was caused by the global recession and a decrease in electricity demand. Kingsnorth is also the site chosen by E.ON for the proposed U.K. carbon capture and storage (CCS) pilot, the future of which remains in doubt.

Other companies featured: OAO Gazprom (OTC:OGZPY)

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