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02/09/2015
Eggborough Power Station May Cease Operations
Eggborough Power Station may have to cease generating power by March 2016, subject to consultations with staff and government bodies.
The coal-fired power station requires additional funding of £200m over the next three years to continue generating power, which the company says is "financially unsustainable" for the 53-year-old plant.
Neil O'Hara, Chief Executive of Eggborough Power, said: "We are deeply saddened at the prospect of potentially ceasing generation at Eggborough Power Station and believe that Eggborough Power could have a significant part to play in ensuring security of supply in the UK electricity market, particularly while there remains great uncertainty around new-build gas-fired generation.
"We intend to conduct a thorough consultation process with our employees and their representatives while we continue to consider all options available to us, including seeking to engage with government bodies. Our priority is to support our staff during this difficult time."
The 2,000 MW coal-fired power station has the potential to power two million homes and employs approximately 240 people.
(LM)
The coal-fired power station requires additional funding of £200m over the next three years to continue generating power, which the company says is "financially unsustainable" for the 53-year-old plant.
Neil O'Hara, Chief Executive of Eggborough Power, said: "We are deeply saddened at the prospect of potentially ceasing generation at Eggborough Power Station and believe that Eggborough Power could have a significant part to play in ensuring security of supply in the UK electricity market, particularly while there remains great uncertainty around new-build gas-fired generation.
"We intend to conduct a thorough consultation process with our employees and their representatives while we continue to consider all options available to us, including seeking to engage with government bodies. Our priority is to support our staff during this difficult time."
The 2,000 MW coal-fired power station has the potential to power two million homes and employs approximately 240 people.
(LM)
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