Dils-Energie welcomes approval of the law amending the law on the organization of the electricity market in order to establish a Capacity Remuneration Mechanism

Dils-Energie NV is planning to construct a new 920MW gas-fired combined-cycle gas turbine (CCGT) electric generating facility in Dilsen-Stokkem (Province of Limburg, Belgium),

For Belgium to have sufficient reliability to support the increased deployment of renewables and the phasing out of the nuclear capacity in 2025 Elia has identified the need for 3,600MW of new reliable generation capacity. The modification of the law on the organization of the electricity market is welcomed by Dils-Energie as a step towards the provision of a clear and stabile market structure, supported by a long-term Energy strategy and a capacity remuneration mechanism (“CRM”). This amendment creates the framework to develop the right power generation mix to guarantee security of supply to Belgium.

 “The Belgium Parliament approval of this legislation is an important step to implementing a CRM in Belgium. This will make an investment in new reliable generation capacity possible” said Project Manager, Adrian Bobula.

Dils-Energie already has a Generation licence, an Environmental permit and connection agreements for the gas and electricity networks. This will make the project, based in Limburg, one of the leading contenders to provide security of supply in the future.

“We are excited to be a Belgium-based contender in a future capacity auction whilst also developing our second project in Belgium. We look forward to working closely with the local community and all interested stakeholders to make this project a success,” says Adrian Bobula.

The planned facility will be both highly efficient and flexible thanks to its state-of-the-art gas turbine technology. It will strengthen the local economy by creating up to 1,000 jobs during construction period and approximately 100 direct and indirect jobs during operation. The project represents an investment of about €500 – 650 million.

Advanced Power, together with partners previously developed the 420MW T-Power CCGT project in Tessenderlo, Belgium, which started commercial operations in June 2011.

More information is available on the new project website www.dils-energie.be, or from the contacts below.

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About Dils-Energie B.V.

Dils-Energie B.V. is owned by Advanced Power AG for the development,  construction and operation of the 920MW combined-cycle gas turbine (CCGT) electric generating facility located in the Dilsen-Rotem industrial park, Limburg, Belgium.

To find out more about Dils-Energie, go to www.dils-energie.be

About Advanced Power AG

Advanced Power AG is a privately-owned company, established in 2000 to develop independent electric generating facilities in Europe and North America. Advanced Power AG has over 7,000 MW in operation, under construction or under development in the United States and Europe. Majority-owned by its senior management, Advanced Power AG has an office in Boston, Massachusetts, and is headquartered in Zug, Switzerland.

To find out more about Advanced Power, go to www.advancedpower.ch.

Media contacts:

Dils-Energie project 

Philip Hilven

Tel +32 (477) 33 13 25                                                                                                info@dils-energie.be

 

Advanced Power                   

Adrian Bobula

Tel +421 2 544 18 768 abobula@advancedpower.ch