The latest entrant to the electricity market, Rolls-Royce Power Ventures (RRPV), a subsidiary of Rolls-Royce plc, the civil aerospace, defence and energy group, is expected to apply for planning permission in the new year to build a £60 million (€76.2 million) gas-fired station in Dungarvan, Co Waterford, in partnership with Bord Gais.
The combined heat and power (CHP) plant, earmarked for the former Waterford Co-op site, would use gas provided by Bord Gais on its existing pipeline, which runs close by, to generate up to 100 MW of electricity. A company has been formed, Dungarvan Energy, to develop the project.
A spokeswoman for Bord Gais said negotiations were ongoing with RRPV but the understanding was that there would be a tolling arrangement by which the State company would provide the gas and distribute the electricity.
Mr Alistair Jessop, senior development manager with RRPV, said the company would develop, build and operate the station. RRPV operates power stations in Britain and around the world, with a focus on small to medium ones. Its parent company is a pioneer of gas turbine technology.
Meanwhile, a consortium including Bord na Mona, Finnish group Fortum, and Elf
