SSE Thermal's power generation Tarbert site in County Kerry has been chosen by the Government as a possible site for emergency generation capacity, the company said on its website.
SSE Thermal's Tarbert Power Station has currently 620 megawatt (MW) capacity.
The station will be required to close by the end of 2023 in line with EU emissions regulations, according to the SSE Thermal's website.
"Any Emergency Generation will be a short-term and temporary measure and will not impact our 2030 targets," Catherine Raw, managing director of the company said, referring to their low-carbon emissions goals.
Surging European gas and power prices as the result of reduced Russian supplies are stoking inflation, hampering industrial activity and inflicting record-high bills on consumers ahead of the northern hemisphere winter.
Despite high gas storage levels, the continent still faces risks of power shortages, blackouts and energy rationing.
