Peaking Plants Accepted for Examination

7th May 2014

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ELECTRICITY GENERATION PROJECTS ACCEPTED FOR EXAMINATION BY PLANNING INSPECTORATE
Peaking gas-fired plants proposed

Watt Power’s first gas-fired power generation station projects in the UK have been accepted for examination by the Planning Inspectorate. These projects, one at Hirwaun near Aberdare in South Wales and the other located near Eye in Suffolk (England), will each generate approximately 300MW of electricity, using simple cycle gas turbine technology.

Given their size, the stations will require a Development Consent Order (DCO) from the Secretary of State for Energy & Climate Change once their applications have been examined by the Planning Inspectorate. The examination processes for both plants are expected to start in the summer and each will take up to 12 months.

Both power stations, which were announced in the spring of 2013, have been designed to operate as “peaking” plant so that they can respond quickly and efficiently to short-term variations in demand and intermittent output from onshore and offshore wind power. Subject to the outcome of the DCO process, as well as financing, the £200m projects would target operation in 2018/19. They will each create over 150 construction jobs, and a number of permanent skilled jobs at each plant for their operation and maintenance.

George Grant, a director of Watt Power Ltd, said:
“Securing examination acceptance for Watt Power’s first projects is a significant milestone, and we expect decisions from the Secretary of State on both projects by the middle of 2015. As we work towards a lower carbon environment, low cost peaking plant will become more important in maintaining energy security and providing the necessary system balance as the country increases intermittent wind and solar sources of electricity.

These types of plant will support the Government’s objectives in helping achieve Energy Security, Affordability and Low Carbon targets. This a major step forward for Watt Power in our plans to deliver a portfolio of similar plant elsewhere in the UK.”

About Watt Power (www.wattpowerltd.co.uk)
Watt Power was established in 2011. In January 2014, Noble Group Ltd acquired a majority shareholding in the company. Noble Group is an international infrastructure, logistics and trading company with headquarters in Hong Kong. It manages energy assets in the UK where it employs
around 250 staff (www.thisisnoble.com). Watt Power Ltd operates under a management services agreement with Stag Energy Ltd (www.stagenergy.com). Stag Energy has extensive experience in the development of power stations and related energy infrastructure projects, in the UK and overseas.

For further information: George Grant, Watt Power: ggrant@stagenergy.com / +44 (0)131 550 3380

For a PDF of this press release, click here.

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