(Clarifies gas-fired power plant plans in paragraphs 8 and 9)
LONDON, March 11 (Reuters) - British power generator Drax is evaluating its options after a British power capacity auction and could sell four open-cycle gas turbine (OCGT) projects, it said on Thursday.
Drax provisionally secured 15-year backup power agreements worth a total 230 million pounds ($321 million) for three new 299 megawatt (MW) OCGT projects at sites in England and Wales.
Drax has said the capital cost for each project is about 80 to 90 million pounds with a build time of some two years, putting the total value of the agreements below the development costs.
Another OCGT project participated in the auction but dropped out above the clearing price and did not secure an agreement.
90.5 WESA s The Confluence for Thursday, March 11, 2021
On today s program: The lead author of an MIT white paper explains how slowed coal production in Greene County translates to a loss of jobs and tax revenue; residents of long-term care facilities are still waiting for some “normalcy” after vaccination; and ahead of her talk with Pittsburgh Arts and Lectures, poet Naomi Shihab Nye tells us how poetry can help her find clarity.
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National production of coal decreased about 37% between 2008 and 2016.
The current and expected decline in coal production remains a contentious topic. But it doesn’t simply translate to lost coal workers’ jobs: It can mean lost tax revenue for counties that might not have a plan on how to make up the deficit. Greene County is experiencing this scenario.
Madras High Court warns Tangedco over coal import tender
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Court says it won’t hesitate to quash it if there is evidence of foul-play
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Court says it won’t hesitate to quash it if there is evidence of foul-play
The Madras High Court on Thursday warned the Tamil Nadu Generation and Distribution Corporation (Tangedco) that it would not hesitate to quash a ₹1,330 crore worth tender notification issued by it on February 8 for supply of 20 lakh tonnes of imported steam coal of any origin if it finds evidence of any foul-play.
The court permitted a public interest litigant to file additional materials in support of his allegations and directed Tangedco to be ready with its response by next week.