Construction of 500 MW Plant Mulled By Qatar For UK

By International Business Times,  June 27, 2012, 03:52:00 AM EDT

A consortium composed of Qatar Petroleum, ExxonMobil Power Ltd. and Total Gas & Power Venture is mulling to build a 500-megawatt combined heat and power (CHP) plant at the South Hook liquefied natural gas ( LNG ) import terminal in Wales. The terminal is said to be the biggest regasification hub in entire Europe.

"The proposed CHP plant will have an installed capacity of up to 500 MW and produce sufficient electricity to both meet the existing LNG terminal's power needs and to export surplus electricity," the three project partners said in an environmental impact assessment report to the UK's National Infrastructure Planning authority.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: LNG



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