UN01 Uniper SE

DGAP-News: Uniper to build new gas power plant in Irsching

DGAP-News: Uniper SE / Key word(s): Miscellaneous
Uniper to build new gas power plant in Irsching

09.01.2019 / 08:24
The issuer is solely responsible for the content of this announcement.


  • TenneT awards contract under tender for "special grid facilities"
  • Planned generating capacity of 300 megawatts
  • Commissioning scheduled for October 2022
  • Further step in implementing the Uniper strategy
     

Uniper has been awarded the contract from grid operator TenneT to build a gas power plant with a capacity of 300 megawatts (MW) in Irsching near Ingolstadt. Uniper will build and operate the plant. TenneT made the announcement today. Starting on October 1, 2022, the power plant will be on stand-by to serve as a "safety cushion" by supplying power in special emergency circumstances. As a "special grid facility", it will not serve the market and will instead be available on short notice any time system reliability is at risk. For policy makers it serves the goal of ensuring supply system reliability going forward.

In late June 2018 TenneT, together with grid operators Amprion and TransnetBW, issued a call for bids throughout Europe for a total capacity of 1200 MW for special grid facilities pursuant to § 11(3) EnWG [Energy Industry Act] without reference to any particular type of technology. 300 MW will be assigned to each of four regions in southern Germany. Grid operator TenneT has now awarded the first contract for the southern Bavarian region.

Eckhardt Rümmler, Uniper board member and Chief Operating Officer (COO), commented: "I am pleased that Uniper won the competition for a 'special grid facility' to assure a reliable supply of electricity. For this, we will build and operate a new gas power plant. Their high flexibility makes gas power plants ideal for balancing out the increasing share of non-controllable electricity generated from wind and solar energy. They should therefore play an important role when it comes to Germany achieving its ambitious climate goals without incurring excessive risks in supplying industry and homes with electricity. Given the anticipated stable earnings it will generate, this project is a further step in implementing our strategy to significantly increase revenue that is not dependent on the wholesale market."

Uniper already operates several units at the site. The Ulrich Hartmann plant (Irsching 4, 561 MW) went into operation in 2011 and, with an efficiency rate of 60.4 percent, is one of the most efficient combined cycle facilities worldwide. Block 5 (likewise combined cycle, 846 MW) became operational in 2010 and, with its efficiency rating of 59.7 percent, is also one of the most modern combined cycle plants in Europe. Alongside Uniper, with its 50.2 percent share, N-ERGIE (25.2 percent) Mainova (15.6 percent), and ENTEGA (9 percent) also have stakes in Irsching 5. Irsching 4 and 5 are currently operated under the so-called grid reserve directive (Netzreserveverordnung). They therefore will be used only when their output is needed to maintain grid stability. The oil-fired block 3 (415 MW) was slated to be permanently shut down in 2012. Owing to the grid situation in southern Germany, the facility has been held in reserve since then for grid operator TenneT.

About Uniper
Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper's business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.


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Leif Erichsen
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Georg Oppermann
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This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments



09.01.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Uniper SE
E.ON-Platz 1
40479 Dusseldorf
Germany
Phone:
Fax: 01
E-mail: gy
Internet:
ISIN: DE000UNSE018, DE000UNSE1V6
WKN: UNSE01, UNSE1V
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
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