Centrica Selling Three Gas-Fired Plants

GALWAY, IRELAND--May 19, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) One of the U.K.'s leading gas and energy companies, Centrica plc (OTC:CPYYY) (Windsor, England), is aiming to sell off most of its gas-fired power plants due to weak power demand and increased competition from coal-fired plants and renewables.

The company will sell its Langage, Humber and Killingholme combined cycle gas turbine (CCGT) plants which have a combined generating capacity of 2,700-megawatts (MW).