ESB to sell 50% stakes in British and Spanish plants

Wednesday 27 February 2013 16.36
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The ESB co-owns Marchwood Power Ltd's plant in England
The ESB co-owns Marchwood Power Ltd's plant in England
The company also jointly runs the Amorebieta Power Plant near Bilbao in Spain
The company also jointly runs the Amorebieta Power Plant near Bilbao in Spain

The ESB has announced plans to sell its shareholding in power stations in Britain and Spain.

The company currently owns 50% of a 840MW plant operated by Marchwood Power Ltd near Southampton in England. Scottish & Southern Energy owns the other half of the facility.

It also owns 50% of Bizkaia Energia SL, which operates the 755MW Amorebieta Power Plant near Bilbao in northern Spain. Japan’s Osaka Gas owns the other half of that operation.

Construction on the British plant began in 2007, with operations there beginning two years later. The Spanish plant has been in operation since 2005.