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  <h1>Selling share of power plant</h1> 
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    <div class="date-module"> <span class="date_module-icon fa fa-calendar"></span> <span>January 30, 2006, 15:35 CET</span> 
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     <p>Statoil has sold its 30 per cent interest in the Ringsend gas power plant in Dublin, Ireland to RBS Power Investments, today 30 January.</p> 
     <p>The power plant is owned and operated by Synergen Power, a company owned by ESB International (ESBI) and Statoil, with 70 per cent and 30 per cent respectively.</p> 
     <p>ESBI will retain its 70 per cent share.</p> 
     <p>Statoil is selling its holding in Synergen as it aims to streamline further the group’s business activities.</p> 
     <p>Statoil will continue to supply gas to Synergen for the Ringsend power plant under a long-term agreement to deliver about 600 million cubic metres of gas per year.</p> 
     <p>The terms of the sale are confidential but Statoil is satisfied with the commercial conditions agreed upon.</p> 
     <p>The power plant which came on stream in 2002 is in the Ringsend industrial area of Dublin.</p> 
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