Picture of Pennon logo

PNN Pennon News Story

0.000.00%
gb flag iconLast trade - 00:00
UtilitiesBalancedMid CapNeutral

REG - Pennon Group PLC - Half Yearly Report <Origin Href="QuoteRef">PNN.L</Origin> - Part 15

- Part 15: For the preceding part double click  ID:nRSb2520Yn 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Progress on delivery of the ERF                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 asset base can be summarised as:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 ·                                 Exeter ERF - Safely completed on time (July), meeting capital budget and performing better than specification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 ·                                 Oxford ERF - Takeover completed in November and plant fully operational.  Below capital budget spend and performing better than specification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 ·                                 Cardiff ERF - Construction complete and first waste burn has just occurred. On schedule and to capital budget                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 ·                                 Runcorn Phase I - Plant about to move into final takeover test                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 ·                                 Runcorn Phase II - construction complete, to capital budget and first waste burn is imminent                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 ·                                 Peterborough ERF - Progressing well to schedule and to capital budget                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 ·                                 Glasgow Recycling and Renewable Energy Centre - Construction progressing well and on schedule for completion 2016 as planned                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 ·                                 Beddington ERF - Judicial review challenge strongly dismissed. Well prepared for project commencement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 ·                                 Dunbar ERF - Board approval to proceed. Construction commencement expected Q1 2015                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 ·                                 Overall programme is being delivered at world class safety levels and to good quality standards                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 The Pennon Board has given its                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 approval to proceed with the £177m                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 Dunbar ERF at its existing                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 Oxwellmains waste treatment hub in                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 East Lothian, Scotland. This                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 follows an extensive assessment of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 market conditions and an appraisal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 of current competitive advantages

Recent news on Pennon

See all news