Centrica buys €212m power station

British Gas owner Centrica today cushioned itself against future swings in energy prices by buying a power station for £142m (€212m).

Centrica buys €212m power station
Tue, 08 Jun, 2004 - 14:22

British Gas owner Centrica today cushioned itself against future swings in energy prices by buying a power station for £142m (€212m).

The acquisition of the Killingholme station near Grimsby means Centrica can meet 43% of peak domestic demand for electricity in 2005, up from its current mark of 32%. It buys the rest from the open market.

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CourtsBusinessHeathrowPlace: KillingholmePlace: GrimsbyPlace: USPlace: UKPlace: Damhead Creek stationPlace: Isle of Grain, KentPlace: King’s LynnPlace: PeterboroughPlace: BriggPlace: North LincolnshirePlace: BarryPlace: South WalesPlace: RoosecotePlace: CumbriaPerson: ExecutivePerson: Roy GardnerOrganisation: CentricaOrganisation: GasOrganisation: British GasOrganisation: KillingholmeOrganisation: NRGOrganisation: Scottish PowerOrganisation: Humber PowerOrganisation: National PowerOrganisation: CGE Power
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