Region all fired up over power station
BORD Gais yesterday unveiled a €400m new power station capable of generating enough electricity for Cork, Waterford and Limerick combined.
The state-of-the-art facility -- which is located at Whitegate, Co Cork, and was opened by Foreign Minister Micheal Martin -- ranks as one of the biggest engineering projects ever undertaken in the State.
When fully operational, the new power station will be capable of generating 445MW of electricity, sufficient power for 500,000 homes.
The plant will now play a key role in the imminent price war between Bord Gais, Airtricity and the ESB -- with the battle set to heat up by next March when the ESB is likely to be allowed set its own household tariffs.
The ESB is likely to see its market share decline to 60pc by next spring -- with 40pc deemed sufficient to allow newcomers to the electricity market successfully compete with the giant semi-state.
"This is one of the most efficient power plants in the world," Bord Gais chief executive John Mullins said. Mr Martin said the new plant was an encouraging sign of Ireland's future potential.