The proposed peat-fired generating station to be located in the East Midlands will be designed to provide 120 MW of generating capacity. Studies undertaken on behalf of Bord na Móna show that the station would have: — a capital cost, including contingency of £90 million (1993 prices) — annual operating costs of £5.5 million (1993 prices) — consume 1 million tonnes of peat per annum — employ 64 on a permanent basis and 20 to 25 on a contract basis — support 250 permanent and 250 seasonal jobs in peat extraction — employ 450 at peak during construction — a direct income impact of £19 million during construction and £8 million per annum during operations.
The latest "state of the art" technology will be used in the operation of the new station. The net conversion efficiency envisaged is 36.7 per cent compared to around 25 per cent in the existing older peat fired stations.
The Minister for Transport, Energy and Communications will be asking the Government in the near future for approval of the necessary arrangements for a competition on the open market for the construction, ownership and operation of the new peat-fired electricity generating station.