Vitol to buy British power plant

LONDON Fri May 10, 2013 5:09am EDT

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LONDON May 10 (Reuters) - Swiss-based trader Vitol will buy from U.S. Phillips 66 the Immingham combined heat and power plant in England which supplies about two percent of Britain's electricity supplies, Vitol said on Friday.

The 1,220 megawatt plant, one of Europe's biggest co-generation electricity producers, using water and gas to produce power, fuels two nearby oil refineries as well as supplying power to the national grid.

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