Dong seeks to sell UK power plant

Dong Energy is actively looking for a buyer for the new Severn Power gas power plant in South Wales.

The sale could be worth an estimated $780m for the Danish company.

Severn gas plant
City sources said Dong Energy has hired advisers from Blackstone, the US financial services giant, to find a buyer for Severn Power.

There is speculation that corporate financiers and specialist financial investors, such as Riverstone Holdings and Denham Capital Management may be interested in acquiring the facility.

For more gas-fired power generation news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...