EU Recommends Six Projects For EUR1 Billion CCS Funding -Sources
06 10월 2009 - 1:01AM
Dow Jones News
The European Commission is recommending giving a total of EUR1
billion to six projects to help develop a technology to capture and
store carbon dioxide emissions from power plants, people familiar
with the situation told Dow Jones Newswires Monday.
The commission, the European Union's executive body, proposed
five of the projects get EUR180 million each, while the remaining
one gets EUR100 million, the people said.
The projects are Spanish utility firm Endesa SA's (ELE.MC)
scheme in Compostilla, Spain; Vattenfall Group's plant in
Jaenschwalde, Germany; a U.K. scheme run by Powerfuel PLC in
Hatfield, Yorkshire; a scheme in Maasvlakte in the Netherlands, run
by E.ON AG (EOAN.XE), as well as one in Poland, run by Polska Grupa
Energetyczna, or PGE SA. In addition, the commission has
recommended that an Enel SpA (ENEL.MI) scheme in Italy should get
EUR100 million.
A French project which was earmarked for EUR50 million of
investment has been dropped because it wasn't sufficiently
developed, one of the people said.
-By Alessandro Torello and Frank Huetten, Dow Jones Newswires;
+32 2 741 14 88; alessandro.torello@dowjones.com
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