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| Iberdrola enters Germany's gas market Spain’s power giant Iberdrola entered Germany's gas market when it was awarded one million megawatt hours (MWh) of gas in an auction held by E.ON Ruhrgas under the German group's gas release programme. The fuel will be delivered at the entry point of Waidhaus on the border with the Czech Republic from the fourth quarter of 2007 until 2010. Iberdrola initially plans to use the gas in trading operations in Germany and neighbouring countries. This contract award fits in perfectly with the Company's interest in the German market, where Iberdrola has started proceedings for the forthcoming construction of two gas-fired combined cycle power plants. The plants, with a combined capacity of 2,000 MW, are located in Ludwigsau, Hessen, and Lauchhammer, Brandenburg, and are to go on stream in 2010-2011. write your comments about the article :: © 2007 Construction News :: home page |