The so-called Lares plant, which will be located in Figueira da Foz, Portugal, will have a total installed capacity of 862MW, representing an investment of E405 million, Energias de Portugal (EDP) said.
The construction work is due to begin during June 2007 and should last over 27 months, while commercial operations are expected to commence during the second quarter of 2009.
The gas procurement for the combined cycle gas turbine (CCGT) plant may already be contracted in the liberalized market, following the liberalization of gas procurement for electricity generators in Portugal since January 2007, the company said.
EDP said that the plant is part of the company’s investment plan for 2007 to 2010, through which it intends to reduce its carbon dioxide emissions per MWh of electricity generated by more than 20%.
EDP hopes to achieve this through implementing cleaner electricity generation technologies, such as wind power, hydro power and CCGTs.
