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Balfour Beatty has been confirmed as construction partner for a scheme to build a gas-fired power station with carbon capture and storage on Teesside.

A joint venture called Net Zero Teesside Power, a tie-up between energy firms BP and Equinor, reached financial close with the government late last year on the deal which involves building two carbon capture and storage (CCS) projects on the north-east coast.

Balfour Beatty’s deal is worth £833m with main construction set to commence later this year for completion in 2028. At peak, Balfour Beatty will employ 1,500 people.

Once up and running, NZT Power said the project could generate up to 742 megawatts of low-carbon power – equivalent to the average annual electricity requirements of more than 1 million UK homes.

Also working on the scheme are engineering firms Technip Energies and GE Vernova as well technology partner Shell Catalysts & Technologies.