Power generation is a necessary integration to the SIMEC business model, especially in industrial areas that are highly sensitive to power prices. Many of the Group's markets are growing faster than their availability of power and hence the focus on power generation. In Europe there is a growing focus on green energy technologies.
SIMEC has acquired SIMEC Uskmouth Power Ltd (www.simecuskmouthpower.com) a 393MW Coal Fired Power generation plant in the South Wales, UK.
The focus is to convert this to a renewables fed plant whilst developing the site to include other renewable generation technologies such as biomass pelletizing and distribution, solar, wind, waste to energy, and tidal amongst others.