Irish utility announces financing for new Manchester gas plant

Ireland’s utility ESB has secured financing for a new gas power station on the outskirts of Manchester. Carrington Power Limited, owned by ESB said today a syndicate of international banks will fund the combined cycle gas turbine (CCGT) plant, including RBS, Lloyds, Santander, BBVA and Société Générale. At 880MW, the new plant will generate enough […]

ESB looks to buy Northern Ireland Electricity

The Irish Republic’s main electricity company ESB is in talks to buy Northern Ireland Electricity. The proposed takeover was announced to the Dublin and London stock exchanges. NIE is the transmission and distribution business of Viridian, Northern Ireland’s main power company. It is ultimately owned by Arcapita, a Bahrain-based bank, which bought Viridian for more […]