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03/01/2002
Moyle Interconnector opens up competition in NI electricity market
The Moyle Interconnector, Northern Ireland’s link-up with Britain’s electricity grid, has been completed.
However, the Interconnector, which was launched on Wednesday, January 3, and is currently functioning in test mode, will not begin full operation until March 2002.
Announcing the connection, Managing Director of NIE, Harry McCracken, said: “NIE has invested £100 million in bringing the opportunity of lower electricity prices to Northern Ireland. The Moyle Interconnector provides the first real step in opening the Northern Ireland market to competition.
“This is a terrific achievement by our engineers and contractors. The Moyle Interconnector is a major project that will bring benefits to Northern Ireland for many years to come.
“Initially the Moyle Interconnector will bring most benefit to industry in Northern Ireland. Many larger manufacturing companies already have the option to choose their electricity supplier. These customers or their suppliers will be able to source competitively priced electricity supplies through the interconnector.”
The £150 million Interconnector has the potential to supply a third of all Northern Ireland’s electricity needs, and is part of a wider project that will also include enhanced interconnection with the Republic of Ireland. (MB)
However, the Interconnector, which was launched on Wednesday, January 3, and is currently functioning in test mode, will not begin full operation until March 2002.
Announcing the connection, Managing Director of NIE, Harry McCracken, said: “NIE has invested £100 million in bringing the opportunity of lower electricity prices to Northern Ireland. The Moyle Interconnector provides the first real step in opening the Northern Ireland market to competition.
“This is a terrific achievement by our engineers and contractors. The Moyle Interconnector is a major project that will bring benefits to Northern Ireland for many years to come.
“Initially the Moyle Interconnector will bring most benefit to industry in Northern Ireland. Many larger manufacturing companies already have the option to choose their electricity supplier. These customers or their suppliers will be able to source competitively priced electricity supplies through the interconnector.”
The £150 million Interconnector has the potential to supply a third of all Northern Ireland’s electricity needs, and is part of a wider project that will also include enhanced interconnection with the Republic of Ireland. (MB)
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22 April 2002
HRH Prince Andrew opens Moyle Interconnector
His Royal Highness, Prince Andrew, has officially opened the Moyle Interconnector during a recent flying visit to Northern Ireland.
HRH Prince Andrew opens Moyle Interconnector
His Royal Highness, Prince Andrew, has officially opened the Moyle Interconnector during a recent flying visit to Northern Ireland.
18 November 2003
Viridian Group announce half-year turnover up 12%
Viridian Group plc have announced that turnover has increased from £332m to £371m, up 12% on the corresponding period last year. The Group's operating profit increased 7% to £50.8m, up from £47.6m, and the contribution to operating profit from Viridian Power & Energy increased by £0.5m to £8.7m in the six-months to September 30, 2003.
Viridian Group announce half-year turnover up 12%
Viridian Group plc have announced that turnover has increased from £332m to £371m, up 12% on the corresponding period last year. The Group's operating profit increased 7% to £50.8m, up from £47.6m, and the contribution to operating profit from Viridian Power & Energy increased by £0.5m to £8.7m in the six-months to September 30, 2003.
13 November 2001
Viridian Group report slight fall in operating profit
The interim report from Viridian Group has shown a slight fall in the Group’s operating profit. Reporting on business activity during the six months to September 30, 2001, the Viridian Group have announced a 4 per cent fall in operating profits to £48.5million. During the six-month period, the Viridian Group invested £121.
Viridian Group report slight fall in operating profit
The interim report from Viridian Group has shown a slight fall in the Group’s operating profit. Reporting on business activity during the six months to September 30, 2001, the Viridian Group have announced a 4 per cent fall in operating profits to £48.5million. During the six-month period, the Viridian Group invested £121.
25 January 2002
Moyle Interconnector brings competition to electricity market
A new initiative involving electricity providers in Northern Ireland, the Republic and Scotland is set to bring greater competition to the local energy market.
Moyle Interconnector brings competition to electricity market
A new initiative involving electricity providers in Northern Ireland, the Republic and Scotland is set to bring greater competition to the local energy market.
14 April 2003
Viridian to sell Moyle Interconnector for £122.5m
Viridian Group PLC has agreed to sell the Moyle Interconnector for £122.5 million. Moyle Holdings Limited, a newly-formed company, has agreed to buy the 500MW high-voltage DC electricity transmission link between the electricity grids of Northern Ireland and Scotland.
Viridian to sell Moyle Interconnector for £122.5m
Viridian Group PLC has agreed to sell the Moyle Interconnector for £122.5 million. Moyle Holdings Limited, a newly-formed company, has agreed to buy the 500MW high-voltage DC electricity transmission link between the electricity grids of Northern Ireland and Scotland.
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