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Belgian Dils-Energie to invest EUR 750m in 950-MW gas plant - report.

(SeeNews) - Jun 4, 2013 - Belgian Dils-Energie SA plans to build a 950-MW gas-fired power plant in Dilsen-Stokkem for EUR 750 million (USD 980.8m), local daily De Tijd reported today.

The planned capacity is almost equal to that of the nuclear reactors Doel 3 and Tihange 2, which were halted last summer due to cracks in the pressure vessels.

The company will apply for the needed permits in the coming weeks. The project will be implemented even when the Wathelet's plan for encouraging new gas plants does not go through, spokesman Philip Hilven was cited as saying.

The project, integrated into the Dils-Energie vehicle, has been ownership of Swiss Advanced Power and German Siemens Project Ventures since 2011.

If everything goes according to plan, construction may start in 2015. First power supply could be expected by 2017.

Dils-Energie aims at a highly flexible gas plant and bets on a return of 58%.

The construction of a major gas plant is set to create 1,000 jobs. Its operation will result in another 100 jobs, according to the daily.

(EUR 1.0 = USD 1.308)
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Publication:SeeNews Belgium
Date:Jun 4, 2013
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