Iberdrola seeks more aid for carbon-capture storage project in Scotland

10 October 2011 (Last Updated October 10th, 2011 18:30)

Spanish utility Iberdrola is in negotiations with the UK Government to secure more financial aid to build the £1.2bn carbon-capture storage project in Longannet.

Spanish utility Iberdrola is in negotiations with the UK Government to secure more financial aid to build the £1.2bn carbon-capture storage project in Longannet.

The UK Government had earlier earmarked £1bn in funding for the country's first carbon-capture storage project, however, the utility has so far only received £400m and needs at least £600m to complete the project.

Iberdrola is the owner of UK energy supplier Scottish Power, reports Reuters.