InterGen commissions a new gas-fired power plant
Press Release
Spalding, Prague, 12 July 2019 – InterGen, in which the Sev.en Energy group holds 50% of shares, achieves commercial operations at the 300 Megawatt Spalding Energy Expansion project in Spalding, Lincolnshire, England.
The GBP 100 million project began construction in March 2018 and comprises one Siemens F-class gas turbine in open cycle configuration, resulting in a highly flexible peaking plant that will provide essential back-up for renewable sources of generation and provide essential power during periods of peak demand.
“We are delighted that the Spalding Energy Expansion project has achieved commercial operations safely, ahead of schedule and within budget,” said Jim Lightfoot, InterGen’s CEO. He also noted that he was looking forward to delivering more projects that would help ensure reliable electricity supply for the UK as the country transitions towards a net zero economy.
The Spalding Energy Expansion project is the first and, to date, only large scale thermal project to secure limited recourse financing. The project was also enabled by a capacity market award when it secured a 15-year capacity agreement in a December 2016 auction.
INTERGEN
InterGen is a global power generation firm with 6 power plants in operation, representing a total generation capacity of 4,630 MW (3,337 new equity MW). These facilities are located in the United Kingdom and Australia. InterGen is jointly owned by China Huaneng Group/Guangdong Energy Group Co., Ltd. and Sev.en Energy (which recently acquired a 50% stake in InterGen from Ontario Teachers’ Pension Plan). For more information, visit www.InterGen.com.
About SPALDING ENERGY EXPANSION
The existing Spalding power station in Lincolnshire is a combined cycle gas turbine capable of producing up to 880 MW and has been operational since 2004. It is owned and operated by InterGen. The 300 MW open cycle station is located on land adjacent to the existing power station.
Contact:
Gabriela Sáričková Benešová
Spokesperson for the Sev.en Energy group
Tel: +420 476 203 141
GSM: +420 725 327 758
e-mail
www.7energy.com
