2013 Report details for project: Carbon Capture & Storage Commercialisation Programme

Project name: Carbon Capture & Storage Commercialisation Programme - there are 4 reports for this project: 2013, 2014, 2015, 2016
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Organisation: DECC (D11) - see all reports for this organisation
Report year: 2013 (data is from Sept 2012)
Category: Infrastructure - see all reports for this category
Description: The CCS Commercialisation Programme aims to build confidence and drive down costs of developing a cost competitive CCS industry, by supporting practical experience in the design, construction and operation of commercial scale CCS with £1bn Government capital funding. As a result of the CCS Programme existing fossil fuel supplies (gas & coal) will be used more cleanly, maintaining the diversity of our fuel mix; emissions from electricity generation will be reduced; in addition to providing a flexible and predictable supply of low carbon electricity generation, that can respond to changes in demand. The CCS Programme will also help in meeting carbon targets flexibly and cost effectively, and help maintian energy security. For more information, see: https://www.gov.uk/uk-carbon-capture-and-storage-government-funding-and-support#ccs-commercialisation-competition
DCA (RAG): Unknown
DCA text: TBC - commercial negotiations underway
Start date: 2011-10-25
End date: 2045-01-01
Schedule text: Start date represents approval of strategic business case for new CCS Programme. First projects are expected to be operational between 2016-2020 with decommissioning expected around 2045.
Baseline: £4.90m
Forecast: £4.90m
Variance: 0.00%
Variance text: 12/13 budget represents cost of managing programme.
Whole Life Cost: £0.00m
WLCost text: Government whole life cost is currently assessed to be £1092.4m. £292.4m of this total represents spending that was incurred under the Demonstration 1 CCS Programme which ran until 2011; spending incurred and forecast spending by DECC on managing the programme, and a provisional allocation of £200m from the £1bn committed by Government for risk reduction (Front End Engineering Design) and capital funding for selected projects during this SR. Work continues to determine the precise funding profile following an announcement on 20 March 2013 for two Preferred Bidders to proceed to the next stage, subject to conditions. The £1bn will be avaliable when projects need it. Note that total whole life costs are greater than £1bn as additional support, subject to affordability, will be provided through Contracts for Difference (CfD) via the Electricity Market Reform (EMR) programme. Private sector investment has also been excluded at this time for commercial reasons.
Notes1: Carbon Capture & Storage - Programme
Sourcefile: DECC_2013.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.