Two new gas-fired power plants with a combined capacity of 2.1 gigawatts (GW) could come online by 2018 in Britain, developer InterGen said on Monday.
Britain faces a power capacity crunch within two years’ time due to the closure of polluting and ageing stations and a lack of new capacity.
Plans for new thermal power stations have dried up in recent years due to an overhaul of the energy market but government announcements on the creation of a capacity market have reignited interest.
The two plants, Spalding Energy in Lincolnshire which is majority owned by utility Centrica and Gateway Energy in Essex, together will cost up to 1 billion pounds ($1.62 billion)to build and are equal to around 3 percent of Britain’s current installed capacity.
InterGen says could start two new UK gas-fired plants by 2018