This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies used on Trustnet and how you can manage them, see our Privacy and Cookie Policy.

By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms of Use.

For more information Click here



It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
Share   Print      RSS

Centrica PLC (CNA)

Centrica PLC

RNS Number : 8053X
Centrica PLC
23 December 2019



23 December 2019

Centrica to sell King's Lynn gas fired power station

Centrica plc has agreed to sell its 382 MW King's Lynn combined cycle gas turbine (CCGT) power station to RWE Generation for £105 million, based on a valuation date of 31 December 2019. The transaction is expected to complete in the first quarter of 2020.

The transaction forms part of the non-core asset disposal programme announced in February this year. It is also consistent with Centrica's strategy to reposition towards the customer, and as part of this from central to distributed generation, as the company focuses on becoming a leading international Energy Services and Solutions provider.

The new King's Lynn CCGT was commissioned on 18 November 2019 following a major replant by Siemens, including the installation of a new gas turbine. The power station is designed for maximum efficiency and flexibility, supporting the transition to a low carbon energy system which is increasingly reliant on intermittent renewables.

The power station has a 15-year Capacity Market agreement which starts in October 2020 and is capable of producing enough power to meet the needs of 400,000 households, almost all the homes in Norfolk.



Centrica Investor Relations:    +44 (0)1753 494900

Centrica Media Relations:       +44 (0)1784 843000


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

You are currently using an old browser which will not be supported by Trustnet after 31/07/2016. To ensure you benefit from all features on the site, please update your browser.   Close