UK’s Oldest Coal Fired Power Station Set to Close

The BBC reported today that the oldest coal fired power station in the UK owned by SSE (LSE:SSE) will soon close. The shutdown will cause 83 workers to lose their jobs, the BBC said.

As quoted in the publication:

The company said options for redeployment within SSE are currently being explored with affected employees. SSE said the announcement followed “intense efforts” to sell Uskmouth Power Company to a suitable purchaser. SSE said it confirmed in March that it was in detailed negotiations with prospective buyers for Uskmouth.

Click here to read the full BBC article.