Dong to Spend $795 Million Turning Fossil Plants to Wood
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Dong Energy A/S, Denmark’s state-controlled utility, plans to invest about 500 million pounds ($795 million) to convert three of its coal- and gas-fired power stations to generate heat and electricity from wood pellets.
The Danish plants will have a capacity of about 1 gigawatt, said Thomas Dalsgaard, executive vice president and head of generation for Fredericia-based Dong, by phone yesterday.