This scoping project was a precursor to a wider ETI project to develop an option to build a gas fired electricity generation power station (potentially as big as 3GW) with a full CCS operation including capture, transport and offshore storage.
The aim of this scoping element was to gain a better understanding of the factors influencing the cost-effectiveness and investability of a new GW scale and carbon-abated thermal power station.
It involved two major components; a review of potential suitable sites where a station of such size could be built, taking into account existing infrastructure and planned CO2 transport and storage infrastructure. Alongside this, there was the development of an investment model to identify key features of an investable CCS power project.
The outcome of this scoping exercise has helped to inform ETI thinking on the wider project objective of establishing a new investment consortium which would be ready to undertake “front-end engineering design” on a gas fired electricity generation power station. The project outcomes helped identify the view of the structure of such a study, the likely shape of the power project itself and identification of suitable partners.