Hydro and Statkraft to Build Gas-Fired Power Plant at Karsto
September 22 2004 - 6:46AM
PR Newswire (US)
Hydro and Statkraft to Build Gas-Fired Power Plant at Karsto OSLO,
Norway, Sept. 22 /PRNewswire-FirstCall/ -- Statkraft SF and Norsk
Hydro ASA, the owners of Naturkraft AS, have agreed to proceed and
realize their plans to build a gas-fired power plant at Karsto. The
intended plant will be based on the best available technology with
regard to the environment, safety and efficiency. The new gas-fired
plant will be the most modern and environmentally-friendly in
Europe. Karsto is a very suitable location for a profitable,
Norwegian gas-fired power plant. The plan is to construct a plant
with a production capacity of roughly 400 MW, which at full
capacity utilization will represent an annual production of some 3
TWh. This will provide an increase in Norwegian electricity
supplies of approximately 2.5 percent. Gas-fired power will boost
the Norwegian energy balance and help reduce the need for imported
power. The project will therefore help reduce overall emissions of
greenhouse gases. Design work will commence and invitations to
tender be sent out immediately with a view to adopting the final
investment resolution by summer 2005, so that the plant can come on
stream in 2007. The total investment amount for the project is
estimated to be somewhat more than NOK 2 billion. Some 500 to 600
persons will be involved in the construction phase. Once operative,
the plant will employ around 30 people. The authorities licensed
Naturkraft in 1997 to build a gas-fired power plant at Karsto.
Contact Idar Eikrem Tor Steinum Telephone (+47) 22 53 32 73 (+47)
22 53 27 31 Cellular (+47) 95 02 83 63 (+47) 95 08 39 33 E-mail
DATASOURCE: Norsk Hydro ASA CONTACT: Idar Eikrem, +47-22-53-32-73,
cell, +47-95-02-83-63, , or Tor Steinum, +47-22-53-27-31, cell,
+47-95-08-39-33, , both of Norsk Hydro ASA Web site:
http://www.hydro.com/
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