Centrica adds to electricity generation capacity

Centrica today entered into a £24 million agreement to acquire the 229MW Roosecote gas fired power station in Barrow in Furness, Cumbria from the administrative receivers of Lakeland Power Limited.

Centrica today entered into a £24 million agreement to acquire the 229MW Roosecote gas fired power station in Barrow in Furness, Cumbria from the administrative receivers of Lakeland Power Limited, KPMG’s Michael McLoughlin and Michael Seery. This transaction increases Centrica’s total generation capacity to 1934MW.

The transaction, coupled with previous power generation acquisitions, will help to meet approximately 22 per cent of peak day demand cover for Centrica’s domestic and commercial customers.

Centrica will take over responsibility for the operation and management of the station, which is said to have achieved one of the highest availability records for all UK combined cycle gas turbine (CCGT) plants since construction in 1991. The station stopped generating electricity in November 2002 when its contract to supply collapsed utility TXU Europe ended

Thirty-three staff will be transferred to Centrica from Lakeland Power Limited and Alstom Power Limited. Centrica will remain the gas supplier to the power station, which is located adjacent to its Barrow gas terminals.

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