Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.24 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1664
    +0.0012 (+0.10%)
     
  • GBP/USD

    1.2563
    +0.0017 (+0.13%)
     
  • Bitcoin GBP

    50,415.39
    -291.73 (-0.58%)
     
  • CMC Crypto 200

    1,364.65
    +52.02 (+3.96%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CRUDE OIL

    78.68
    +0.57 (+0.73%)
     
  • GOLD FUTURES

    2,334.50
    +25.90 (+1.12%)
     
  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     
  • HANG SENG

    18,578.30
    +102.38 (+0.55%)
     
  • DAX

    18,175.21
    +173.61 (+0.96%)
     
  • CAC 40

    7,996.64
    +39.07 (+0.49%)
     

TVA to retire Kingston fossil plant by end of 2027

April 2 (Reuters) - Power supplier Tennessee Valley Authority (TVA) has decided to retire its Kingston Fossil Plant and build an energy complex at the site by the end of 2027, the company said in a press release on Tuesday.

The company plans to shut down all nine of Kingston's coal-fired units.

The energy complex will house natural gas, solar energy and battery storage at the location, the release said.

"The natural gas generation will be in operation prior to Kingston Fossil Plant retirement to maintain reliable, uninterrupted power to our customers," it said.

Meanwhile, TVA will continue to evaluate the remaining coal fleet for retirement and replacement generation.

(Reporting by Anjana Anil in Bengaluru Editing by Matthew Lewis)