Carlton recruits new Project Finance Director
Stokesley, North Yorkshire: Carlton Power announces the appointment of Alan White as Project Finance Director. Alan, who has been the Director, Infrastructure & Energy at Lloyds Bank in London for the last 4½ years, will join Carlton in August 2014.
The appointment comes as Carlton is actively readying its 2060MW Trafford Power project for participation in this year’s Capacity Market auction being prepared by DECC and National Grid. The project involves both CCGT and OCGT (combined and open cycle gas turbines) elements. In the next few weeks, Carlton will announce the appointment of a preferred EPC bidder for the procurement and construction of the CCGT part of the project involving approximately 1900MW. Carlton will also shortly be announcing the appointment of financial and insurance advisers for the project.
Keith Clarke, Managing Director of Carlton Power, said: “We are delighted to have secured the services of such a well-known and highly regarded industry figure. Alan has a wealth of project finance experience and will be a valuable addition to our multi-disciplinary team. We have known and respected him for many years and most recently worked closely with him in 2012 when project financing the Carrington project, a transaction in which Alan was one of the leading bankers involved. His appointment comes at an exciting time for us as our Trafford project is now well advanced and we will shortly be beginning active discussions with potential debt and equity investors.”
Media contact: Keith Clarke at Carlton Power – 01642 714570 / firstname.lastname@example.org
About Carlton Power
- Carlton Power is the UK’s most successful independent power station developer based in Stokesley, North Yorkshire and has managed projects in the UK and Europe since the company was founded in 1995.
- To date, Carlton has been involved in more than 4500MWe of power projects of which over 2300MWe is operating or under construction in the UK.
- Carlton developed the Carrington Power Station in Manchester, the only new independent power station to start construction in the UK since 2008 and was instrumental in securing financing for the project which is now wholly owned by ESBI and under construction by Alstom/Duro Felguera.
- The Trafford Power project is to be constructed on land next to Carrington Power in Greater Manchester and was granted Section 36 Approval in April 2010 for a 1520MW facility.
- In May 2014, Carlton wrote to Secretary of State Edward Davey requesting approval to vary its existing consent on the Trafford Project, “to accommodate recent advances in gas turbine technology and developments in the expected operating regime for the UK electricity market.”
Carlton wish to increase the size of the Trafford Power combined cycle gas turbine project fro 1,520 MW to 2,060 MW
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