News 
UK revenues down at International Power 09 February 2012
|
International Power's UK-Europe revenues decreased 4 per cent to €3,618 with earnings before interest, taxes and amortisation down 14 per cent. In the UK the firm said performance at the 1.2GW combined cycle gas fired plant at Saltend, and the 1GW coal plant at Rugeley, was lower as higher priced contracts signed prior to 2010 came to an end. The mothballing of the former Enron-owned 1.88GW CCGT at Teesside due to reduced demand was also a factor. The plant, Europe's largest CCGT, was mothballed in April. Increases in the industrial and commercial gas and electricity sales were largely offset by higher commodity costs, said the company. International Power said it has contracted 70 per cent of the expected output at Rugeley, 90 per cent at Saltend for 2012, with output at the 500MW Deeside CCGT 10 per cent contracted. Source: Utility Week |
Latest News
Fresh consultation over four 'supersewer' sites but councils fight Thames Water at every step
Thames Water has announced a further round of consultation at four of the 24 construction and operations sites needed for its "supersewer" project. But it insists their location won't be cha
more...Birse wins £26m Center Parcs road deal
Birse Civils has been confirmed as winner of a £26m contract to build all the roads and technical infrastructure at Center Parcs new holiday development at Woburn.The deal involves major infra
more...
