Sun Oct 9 2022 - 09:09
A number of large gas-fired power plants deemed “vital” by the Government may not be built due to soaring inflation making their construction commercially unviable, senior energy industry figures have warned, the Sunday Business Post reports. The warning comes as Ireland is struggling with short and medium-term energy supply issues.
As part of the efforts to meet the shortfall in power supply, Eirgrid held a power capacity auction in January seeking bids from energy companies to develop new thermal power plants by 2025. The auction secured successful bids from five different energy firms to build new gas-fired power plants around the country that will deliver a combined 1,100MW in new power capacity. It has now emerged that some of these plants may not go ahead.
I wonder how many people would want their great lockdowns now knowing the obvious of why inflation is so high! Duhhhh! 🤡s