For the Record
UK 1,020 MW gas plant given go-ahead
A new 1, 020 MW gas-fired combined heat and power station has been given the green light by the UK government. The project is to be developed by Thor Cogeneration, a sister company of PX group.
Martin Green, director of Thor Cogeneration said: “We will now finalise the financial and contractual arrangements for the project and expect land preparation to commence very soon, with full construction commencing in 2009 and power being supplied to the grid in the early part of 2012.”
The project developers say the “super efficient” plant will require 20% less gas for each MWh produced.
New trading hours on Nord Pool
Nordic power exchange operator Nord Pool has announced extended opening hours for its German and Dutch power markets. The two platforms were previously open to trading on Nord Pool from 08:00 to 15:30 (CET) but will now be open from 08:00 to 17:00 (CET), with closing prices fixed at a “random time” between 15:50 to 16:00.
A Nord Pool spokesman said the bourse was now “recognising the needs of other European traders, and certifying German traders’ requirements.” The exchange is attempt to improve the so far limited liquidity on its Dutch and German platforms.
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