EPH succeeded in the latest capacity market auction in Ireland. In the Northern Ireland, the company will build a new gas-fired source, replacing former coal-fired power plant. This confirms EPH´s position of one of the decarbonisation leaders on the European energy market
7. 5. 2020
EP UK Investments (EPUKI), which is a part of Energetický a průmyslový holding (EPH), succeeded in the T-4 capacity auction securing the extension of the contracts for the energy supplies into the transmission grid for its Irish power plants Ballylumford, Tynagh and Kilroot. In addition, EPUKI gained a 10-year capacity contract for Kilroot enabling the decommissioning of the current coal-fired block and replacing it with a low-emission gas-fired unit with installed capacity of more than 300 MW. Thanks to this investment, the carbon dioxide emissions are expected to drop by approximately 1000 thousand tonnes each year.
„We entered the UK market more than 5 year ago through the acquisition of one of the biggest coal-fired power stations – Eggborough. This asset is no longer operating, and we are considering replacing it with a modern gas-fired station. In the case of another British acquisition – Lynemouth Power Station – we have completed its conversion from coal to biomass combustion. By decommissioning a coal-fired unit in the Kilroot power station and its replacement with a gas-fired one, we will complete the withdrawal from coal in the British Islands. In line with to our long-term strategy, we rely on a combination of renewable sources and modern low-emission gas assets which are capable of flexible coverage of fluctuations in electricity demand,“ says Jan Špringl, CEO of EP Power Europe.
Notes to editors:
T-4 auctions take place every year for capacity to be delivered in four years’ time.