E.ON behind Baltic Sea cogeneration project

E.ON (FWB: EOAN) has teamed up with WINGAS in Germany to develop a new CHP plant at the landing terminal of the Nord Stream Baltic Sea Pipeline in Lubmin near Greifswald.

The two companies have established a project company called 'Industriekraftwerk Greifswald' to build and operate the CHP plant, which will have a 47 MW of useful heat output and about 37MW of electric capacity.

Ingo Luge E.ON Deutschland CEO Ingo Luge (pictured) called distributed energy resources as an integral part of the German energy turnaround.

"With this plant we are not only contributing to efficient and decentralized electricity generation, we are also ensuring the smooth transport of environmentally-friendly natural gas," Luge added.

The German CHP facility, which will use a gas turbine and heat exchanger, is scheduled to be completed at the beginning of 2013.

During the peak times the plant will be able to produce 200,000 megawatt hours of electricity every year which will sufficiently power about 50,000 households annually.

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