Economy
Heavy industry is a visible feature of Port Talbot's economy. The coastal strip of the town features Port Talbot Steelworks, a large BOC Industrial Gases plant and a gas-fired power station. Three further power plants are being planned or commissioned: at Margam adjacent to the BOC plant, near the Aberavon Beach sea front and a recently announced £60m project within Corus to utilise by-product gases.
On 20 November 2007, the Department for Business, Enterprise and Regulatory Reform (BERR) granted consent for the world's largest biomass power station to be built at Port Talbot. This is expected to provide enough electricity (from wood from environmentally-managed forests, mostly in North America) to supply half the homes in Wales with electricity.
Potential future development currently centres around the peripheral distributor road to the south, Baglan Industrial Park and Baglan Energy Park to the west, Port Talbot Docks to the southwest, Margam Country Park to the east and the Afan Valley to the north. In March 2009 Neath Port Talbot County Borough Council announced a regeneration project for Port Talbot town centre and docks, with a masterplan for new homes, offices, light industry, retail developments and improvements to the railway station.
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Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)