Uskmouth, a coal-fired plant owned by Welsh Power, could be owned by its creditors for the second time in its history.

At the end of March, Uskmouth was due to repay £120m of debt raised to fund its acquisition in 2006. Instead, the company and its shareholders decided to hand the plant over to creditors as the 363-megawatt coal-fired power station near Newport in South Wales – like other plants – faces a slump in power prices.