UK: POWERGEN ISSUES PROFIT WARNING

Article Abstract:

UK-based electricity generating and supply group, PowerGen, is envisaging a significant decline in its second half 2000 profits compared with the GB[pound] 241mn reported for the opening half, which was GB[pound] 48mn down on last time. PowerGen cited its failure to agree contracts with suppliers at the beneficial levels attained earlier in 2000, coupled with declining electricity prices. PowerGen executive chairman, Ed Wallis, said that the group plans in 2001 to purchase a US utility or UK regional electricity business and is optimistic despite the profits warning. PowerGen is seeking 5mn customers by end-2002, compared with less than 3mn at present, and believes that new utility services will help it achieve this aim.

Sales, profits & dividends, Electric Power Generating, Finance, Energy use, Electric power generation, PowerGen PLC, PWG

---

UK: SCOTTISHPOWER WIND FARM OPERATIONAL

Article Abstract:

ScottishPower has started generating electricity from its 13-megawatt wind farm at Hare Hill, Ayrshire. The GB[pound] 10mn farm will provide electricity to 10,000 homes and will be fully operational by November 2000. ScottishPower said the wind farm is the latest in a bid to raise wind power capacity to 500 megawatts from 100.

New capacity, new plant construction, Other Electric Power Generation, Wind Electric Power, Buildings and facilities, Wind power, ScottishPower PLC

---

UK: NATIONAL POWER DEVELOPS COMMERCIAL FUEL CELL

Article Abstract:

National Power, the electricity generator, says its generation unit Innogy will build the world's first commercial fuel cell power plant. The facility allows electricity to be stored in bulk and will cost GB[pound] 20mn.

Thermal Electric Power, Thermal power plants, National Power PLC

Similar abstracts:

• Abstracts: UK: RUMOURS SEND KINGSTON SHARES SOARING. UK: ENERGIS AGREES DEAL WITH ORANGE. UK: GB[pound] 3.5BN RAISED BY ORANGE
• Abstracts: UK: SOUTHNEWS POSTS PRE-TAX PROFIT GAIN. UK: DAILY STAR TO GET SUNDAY EDITION. Hollick's express route to profit
• Abstracts: UK: TXU EUROPE PLANS ASSET RESTRUCTURING. UK: STORMS CUT OFF POWER SUPPLY. UK: NETA DATE PUT BACK AGAIN
• Abstracts: UK: HSE WORRIED BY 20% RISE IN BUILDING DEATHS. UK: ALLEN TO DISPOSE OF HOUSEBUILDING ARM. In Brief: Bovis 'on offer'
• Abstracts: WORLD: LACK OF FUNDS FOR UN HEALTH PROGRAMMES. UK: EXPORT CREDIT RULES AMENDED. UK: REGIONAL AID PLAN APPROVED BY EUROPE

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.