Add to watchlist:

Only registered members can add into watchlist !

Register here !
SSE plc
Deal SSE plc Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

SSE plc, formerly Scottish and Southern Energy plc, is a holding company. The Company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.


Scottish & Southern Energy plans 2 new hydro electric schemes in Scotland

Scottish & Southern Energy plans 2 new hydro electric schemes in Scotland

Scottish and Southern Energy PLC (LSE: SSE) said it is proposing to develop two new large scale pumped storage hydro electric schemes in the Great Glen. It will seek the Scottish government’s formal opinion on the scope of the environmental impact statement that would accompany planning applications for the schemes, currently planned to be submitted during 2011. 

The proposed schemes are currently envisaged to have an installed capacity of between 300 and 600 MegaWatts each and be able to produce in excess of 1,000 GigaWatt hours of electricity in a typical year to help meet peak demand.

Both schemes would require the construction of a dam in order to impound water and create the upper reservoirs, but it is currently envisaged that water pumping and electricity generation at both developments will be carried out underground, thereby avoiding any visual impact in the Great Glen itself, S&SE said.

The new projects would be the first pumped storage schemes to be developed in Great Britain since work began on the Dinorwig scheme in Wales in 1974. 

Pumped storage schemes involve two bodies of water, located at different heights. During periods of low demand for power, electricity is used to pump water from the lower loch to the upper reservoir. This water is then released to create power at a time when demand is high. 

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.