Penn Energy: EU gas power sector look to summit for change of fortune

The beleaguered European gas-fired power sector is hoping legislation to be announced later this month and beyond will help arrest a serious decline in fortunes that has threatened the very survival of the industry.

Delegates and speakers at the International Gas Turbine Conference in Brussels on Tuesday spoke of how inaction at European level would see the industry’s decline continue unabated.

There were also concerns about potential future blackouts for the bloc unless legislation was provided for appropriate remuneration for plant owners who themselves expressed dismay at the ongoing challenge of motivating workforces in under-utilised plants.

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