Economic Impact of Keadby 2

BiGGAR Economics was commissioned by SSE Thermal and Seimens Energy to underate an economic impact study of the Keadby 2 power plant. Keadby 2 is a new 840MW gas-fired power station in North Lincolnshire currently being constructed.

SSE Thermal has partnered with Siemens Energy to introduce first-of-a-kind, high-efficiency gas-fired generation technology to the UK. When completed, Keadby 2 is expected to become the cleanest and most-efficient gas-fired power station in Europe. The highly efficient turbine will enable SSE Thermal to reduce the carbon intensity of its thermal operations.

The study considered the economic impact of the development, construction and operation of the plant at a local, regional and national level. The study found that Keadby 2 would generate over £1 billion GVA in the UK over its lifetime.

The report “Powering Progress” can be accessed at the links below:

• Press Release
• Powering Progress