In reply to Blizzard: Unfortunately, it's true.
A few years ago, I spent a year working at Tilbury power station (a 40 year old coal fired power station), and there were plan to build a new power station on the site.
The station had to make some changes to comply with the EU LCPD (large combustion plant directive), but couldn't make the neccesscary changes to keep open indefinably (hence the plan to build a new power station on the same land), and so had to close. The plan was to build a new generation coal fired power station that would reduce emissions it was planned to have a carbon capture system to remove all CO2. It was planned to be the cleanest and most advanced coal fired power station in the UK at that time.
Not long ago, there was another EU legislation about building new coal fired power stations, (basically saying don't build any new coal fired power stations), and so the plan to build a new power station, that was scheduled to be operational by 2014, was canned.
A lot of people in the industry say that the long term planning was better when it was run by the government under the GEGB (General Electricity Generating Board) as they planned for the future, and built new power stations as they were needed. When it was privatised, businesses focused on bottom line profit more than spending money to protect the long term future so we now in the position that we are in.