The energy tycoon eyeing a run for the role of London Mayor. The Conservative Party donor Alexander Temerko is on a mission to stamp out crime and xenophobia. Temerko, who is now developing a £1.2bn power cable under the Channel, says industry and government need to develop a clearer strategy to help the country meet its Herculean and legally binding target of net zero carbon emissions. His latest energy project may yet make his biggest mark on the UK. The 2GW planned cable under the Channel will trade power between the UK and the continent and should be able to provide about 5pc of the UK’s electricity. Such interconnectors are set to be a more important part of the energy mix, helping to balance out intermittent supply from wind power. Under the Brexit deal – “a miracle”, says Temerko – the UK’s access to EU energy markets remains unfettered until at least 2026.
Telegraph 3rd Jan 2021 read more »