Pennon to invest in UK energy recovery facility

WCN Editorial Team 29 Nov 2016 EUROPE ENERGY & UTILITIES

Pennon, the parent company of Viridor, has announced plans to invest £252M on a new energy recovery facility in Avonmouth, UK.

The new plant will have a capacity to generate 33MW of electricity, and will process up to 320,000t of waste annually.
 
Viridor managing director Phil Piddington said: "Today’s announcement to invest £252M (€296M) in a new plant is great news for the UK waste sector and for energy resilience.

"Not only will the development boost the sustainability of waste management across Bristol and the West of England, but it is another significant infrastructure investment in the region."

Construction work is expected to commence in early 2017, and be completed in 2020/21.

Pennon CEO Chris Loughlin said: “Following a review, we have taken the decision to commit to a £252 million ERF at Avonmouth, expanding our portfolio to twelve plants.

“This is a significant investment in the UK’s environmental infrastructure and will add to the already expected significant increase in EBITDA from our ERF portfolio once all facilities are fully operational.”

Viridor already built eight energy recovery plants, and has three under construction in Glasgow, Dunbar and Beddington.

* For more information on the UK construction market, visit the Construction Intelligence Center Report Store.

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