Huge investment in energy needed to avert crisis

The chief executive officer of E.ON UK has said that Britain will experience electricity outages more frequently and severely than what has previously been the case unless a lot of additional many new electricity generating stations are developed fast enough.

Paul Golby, the chief executive of E.ON UK said that at the minimum twenty five gigawatts of new electricity production capacity was require to take the place of the old power stations that will be phased out in the coming ten years. This new power generation capacity could come renewable energy sources as well as from nuclear, coal and gas power plants.

The chief executive of E.ON UK expressed fear that the power crisis was going to get worse and the power outages which were experienced by hundreds of thousands of electricity consumers was proof that the electricity generation facilities were ageing and needed a replacement.

The boss of the United Kingdom subsidiary of the German energy utility, E.ON called for the development of additional coal and gas fired plants in a bid to ensure power supply was maintained when production from the increasing number of wind energy plants goes down during the windless seasons.

Paul Golby however urged caution against over reliance on imported gas and backed the Prime Minister’s suggestion that nuclear energy’s electricity generation capacity should be increased to higher levels than the current ones. He disclosed that his firm was still interested in developing new nuclear power stations. He however could not comment on British Energy which has been in the news lately over who will eventually win the bidding war.

www.eon-uk.com