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27/09/2004
Viridian announces €250m Dublin power plant
The Viridian Group has announced the construction of a second power plant at its Huntstown site, north of Dublin, at the cost of €250 million.
Patrick Haren, Viridian Group Chief Executive said the project, which will be completed by 2007, would ensure that Ireland has the electricity it needs to meet future demand.
“Investment in the second phase at Huntstown is consistent with our strategy of developing an integrated energy business in competitive markets across Ireland and will ensure that Viridian remains well placed to take advantage of the opportunities offered by the developing Irish electricity market," Mr Haren said.
Harry McCracken, Group Managing Director, Viridian Power and Energy, added: “We have entered into a turnkey contract with Mitsubishi for the construction of a high efficiency 400 MW Combined Cycle Gas Turbine on the Huntstown site, adjacent to our existing 343 MW station.
“Our decision has been made against the background of electricity demand projections in the Republic of Ireland which indicate a continuing need for further generation capacity, together with a renewed commitment from regulators in both the Republic of Ireland and Northern Ireland to an all-island electricity market."
The new station, which will cost approximately €250 million including interest during construction, will be financed from Viridian Group’s debt resources. Full planning permission has been obtained and Viridian recently signed a connection agreement with ESB, the Irish grid operator.
(MB)
Patrick Haren, Viridian Group Chief Executive said the project, which will be completed by 2007, would ensure that Ireland has the electricity it needs to meet future demand.
“Investment in the second phase at Huntstown is consistent with our strategy of developing an integrated energy business in competitive markets across Ireland and will ensure that Viridian remains well placed to take advantage of the opportunities offered by the developing Irish electricity market," Mr Haren said.
Harry McCracken, Group Managing Director, Viridian Power and Energy, added: “We have entered into a turnkey contract with Mitsubishi for the construction of a high efficiency 400 MW Combined Cycle Gas Turbine on the Huntstown site, adjacent to our existing 343 MW station.
“Our decision has been made against the background of electricity demand projections in the Republic of Ireland which indicate a continuing need for further generation capacity, together with a renewed commitment from regulators in both the Republic of Ireland and Northern Ireland to an all-island electricity market."
The new station, which will cost approximately €250 million including interest during construction, will be financed from Viridian Group’s debt resources. Full planning permission has been obtained and Viridian recently signed a connection agreement with ESB, the Irish grid operator.
(MB)
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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.
07 August 2003
Renewable energy partnership spearheads action programme
A partnership between the Department of Enterprise, Trade and Investment and the Viridian Group launched today, aims to encourage the development of renewable energy in Northern Ireland.
Renewable energy partnership spearheads action programme
A partnership between the Department of Enterprise, Trade and Investment and the Viridian Group launched today, aims to encourage the development of renewable energy in Northern Ireland.
06 October 2006
Viridian agrees to £1.6 billion takeover
Northern Ireland electricity supplier, Viridian has today confirmed that it has accepted a £1.6 billion private equity takeover from Bahrain-based company ElectricInvest.
Viridian agrees to £1.6 billion takeover
Northern Ireland electricity supplier, Viridian has today confirmed that it has accepted a £1.6 billion private equity takeover from Bahrain-based company ElectricInvest.
07 July 2010
NIE Sells Power Network
Northern Ireland Electricity's owners have agreed to sell the network in a cross-border deal worth more than £1bn and it is also buying the power generated by the SeaGen tidal turbine in Strangford Lough (pictured).
NIE Sells Power Network
Northern Ireland Electricity's owners have agreed to sell the network in a cross-border deal worth more than £1bn and it is also buying the power generated by the SeaGen tidal turbine in Strangford Lough (pictured).
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
