Friday, 7 December 2007

IMERA TO BOOST IRELAND'S ENERGY SUPPLY

Irish-owned Imera said it has been awarded licenses by UK Power Industry Regulator Ofgem to build 2 underwater interconnectors between the Republic of Ireland and Wales that will ease the burden of growing electricity demand in the Irish market.
The award of the licences to Imera, a joint venture company between Scandinavian company Oceanteam and private investors will by 2010 increase Irish energy capacity by 7%.
The proposed East-West Interconnectors (EW1 and EW2) are 350MW high-voltage direct current (HVDC) cables that will enable energy flow between the two countries.

Rory O’Neill, CEO of Imera said: "The construction of both interconnectors is of primary importance to Ireland’s ability to guarantee security of energy supply. We are delighted to have been granted these licenses which represent a strong endorsement by the British Energy Regulator of Imera's capability in the delivery of large scale infrastructure projects. We are confident that we will bring this project on stream on time and on budget and will add a total of 14% capacity on Ireland’s energy demands."
The EW1 project is due to commence in 2008 and is planned to be completed by 2010. It will be designed, constructed, and operated to minimise impact to the environment and there will be an almost zero net magnetic field around the cables.
Swedish multinational, ABB, have been awarded the turnkey design and installation contract. The interconnector will be the first to supply the Republic of Ireland directly with electricity generated in the UK and Europe.
"This project will help ease the burden of power generation in Ireland in time to meet the growing demands of the market. Furthermore, EW1 is designed to facilitate increased competition in the energy market which should lead to lower energy prices and new market entrants. With the support of the Irish and British authorities, Imera is helping mitigate the growing issues in energy security, reliability and efficiency as well as facilitating Irelands continued economic growth", said Mr. O’Neill.

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