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 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | DECC (D11) - see all reports for this organisation |
| Report year | 2016 (data is from September 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 |
| Notes2: | |
| Sourcefile | IPA_2016.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.