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PM sets out plans for energy investment - 20/03/2012

Prime minister David Cameron has spelt out the steps his government will take to ensure consumers are able to have access to cheap electricity and gas in the coming years.

In a speech on the country's infrastructure delivered to the Institute of Civil Engineering, he said the coalition is planning a "bold transformation" in the energy industry.

"We need to find diverse, secure sources of energy that can meet demand, keep prices stable and cut the impact of carbon on the planet," he said.

Mr Cameron observed the country needs to press ahead with replacing the nation's ageing coal and nuclear plants, while investments must be made in clean gas power and renewable energy.

The UK is "well placed" to become a global leader in technologies such as offshore wind, with the prime minister stating the government is doing all it can to encourage development in this area.

Recently, Friends of the Earth criticised plans to build more gas-fired plants, claiming such facilities are unnecessary and will expose consumers to future price increases.

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