Energy giant Centrica is to invest £63million at South Humber Bank power station, securing the future of the site up to 2027.
The company has committed the money to overhaul the gas turbines power station in North East Lincolnshire.
The part-mothballed plant will return to full service in 2017 with work expected to start the following year ready for the start of its capacity market contract in October 2018.
New turbine blades installed in partnership with GE.
Jorge Pikunic, managing director of Centrica’s distributed energy and power business, said: “This upgrade allows us to secure the future of this important power station for at least another decade.
“We were pleased to see the Government’s announcements last week signalling the important role that power stations like South Humber Bank will continue to play for UK security of supply and look forward to hearing more about their plans to support investment in the sector.
“The market for gas-fired generation continues to be challenging but, with the right policy landscape, we are confident it can improve.”
The 1,285MW gas-fired power station is capable of producing enough electricity to meet the needs of over one million homes – nearly half the homes in Yorkshire and the Humber. Its capacity will increase by a further 14MW as a result of the turbine upgrade.
In its strategic review in July, Centrica said it would invest to maintain and improve its gas-fired generation fleet where economics allowed.
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