New power station owner pressing on with huge £63m investment and overhaul
22nd January 2018
THE new owner of South Humber Bank Power Station has confirmed it is pressing on with a huge £63 million investment, committed to by former operator Centrica.
EPUKI, part of Czech-owned EPH, took over at Stallingborough in September, having agreed a £318 million deal with British Gas’ parent company for it and the smaller Langage plant, in Devon, last June.
It already owned the coal-fired Eggborough Power Station near Goole, East Yorkshire, a first UK entry with a buy-out in 2015, and Lynemouth, Northumberland.
The 1,285MW combined cycle gas turbine plant had been put up for sale by Centrica in May 2015, but was then withdrawn earlier in 2016, making the deal something of a shock, especially after the investment was announced in November 2015, having also won a capacity market contract which will begin in October this year.
About to begin, the replacement of the turbines at the 23-year-old site is a mammoth task.
Read more: Grimsby man celebrates 50 years at work with the SAME company
Adam Booth, of EPUKI, confirmed that the new owner is “fully supportive of the previously developed plans to overhaul the plant at South Humber Bank”.
He said: “We will be commencing installation works from the end of March. Work is expected to last four to five months, after which improvements will be realised in the efficiency, capacity and flexibility of the unit.
“EP South Humber Bank has been an integral part of the UK energy network for nearly 20 years, and the work being undertaken will ensure that the plant is able to meet the changing market demands and continues to play a key role in ensuring the UK’s security of supply.”
More than 50 staff work at the plant.
News Courtesy: www.humberbusiness.com