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New jobs in building

HUNDREDS of jobs are on the way in the construction sector to create a large power generation facility in Kerry.

Spanish SH energy giant Endesa has sold its Irish assets at a loss to Scottish and Southern Energy (SSE)- the company which already owns Airtricity.

SSE paid €320m for power stations which cost Endesa some €450m to purchase from the ESB in 2009.

The company says several hundred new jobs will result both in construction and at SSE's Irish operations as a result of the deal announced to the stock exchange in the past hour.

SSE is also putting in €168m in investment which will be used among other things to finish construction on a plant in Wexford.