2016 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: 2016 (data is from Sept 2015)
Category: Infrastructure - see all reports for this category
Description: The CCS Commercialisation Programme aims to support practical experience in the design, construction and operation of commercial-scale CCS power generation. The perceived high technical and commercial risks have thus far prevented the deployment of CCS in the UK. Market failures have led Government to intervene by providing £1bn capital funding, and ongoing support for low carbon electricity generation as a means of encouraging future investment (without future HMG capital subsidy) in CCS in the 2020s.The strategic objectives of the programme:Creating confidence in the future market and bringing forward greater investment by demonstrating that CCS can operate on a commercial scale;Reducing technical uncertainties and assessing the benefits of different storage options, which will be crucial to the widespread deployment of CCS.
DCA (RAG): Amber
DCA text: Data not provided
Start date: 2011-10-25
End date: 2016-12-31
Schedule text: The Project end date reflected the situation where Final Investment Decision would be taken in the first half of 2016 transitioning to business as usual arrangement contract management and closing the CCS Commercialisation Programme by the end of the 2016.
Baseline: £40.27m
Forecast: £29.23m
Variance: -27.41%
Variance text: The variance is due to changes in the anticipated level of Front End Engineering and Design expenditure.
Whole Life Cost: £0.00m
WLCost text: Data not provided
Notes1: Exempt under Section 43(2) of Freedom of Information Act 2000
Sourcefile: IPA_2016.csv

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