SOURCE: Industrial Info Resources

Industrial Info Resources

November 15, 2010 02:20 ET

U.K. Opens Carbon Capture Funding to Gas-Fired Plants, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - November 15, 2010) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- The U.K. has announced that gas-fired power plants will be allowed to compete for a share of the government's 10.5 billion-euro ($14.4 billion) carbon capture and storage (CCS) demonstration programme. The news comes just weeks after German energy giant E.ON AG (OTC:EONGY) (Dusseldorf) scrapped its CCS development efforts at its Kingsnorth coal-fired plant in Kent. In July, Scottish and Southern Energy plc (OTC:SSEZY) (SSE) (Perth, Scotland) announced it is going to construct a large CCS demonstration project at the 1,840-megawatt gas-fired power station in Peterhead, Aberdeenshire.

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