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13/11/2001
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 £121.7 million in its energy businesses, including Northern Ireland Electricity; the Moyle Interconnector, which will link the Scottish and Northern Ireland electricity grids; and the Huntstown Power generation plant north of Dublin.
The Moyle Interconnector and the Huntstown Power Station are both due to come on stream next year, supplying competitively priced electricity to the recently deregulated industrial markets throughout Ireland.
Harry McCracken, Managing Director of Northern Ireland Electricity, the Viridian Group’s largest subsidiary, said: “We are committed to the development of energy markets in Ireland.
“Energia, our competitive electricity supply business, has taken a lead position in the deregulated Irish electricity market. Its position will be enhanced when we are able to match generation and supply as Huntstown power station comes into service at the end of next year.”
The Viridian Group has also announced continued investment by Northern Ireland Electricity. The company spent £39 million on the local network in the six month period, though several of the projects were interrupted by movement restrictions due to Foot and Mouth Disease, to bring the total expenditure on the system to £650 million since the company was privatised in 1992.
Last month NIE won the 2001 British Quality Foundation Business Excellence Award. The Award’s judges were particularly impressed by: “NIE’s strong focus on, and commitment to, their customers, and also to their communities and society at large.” (SP)
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 £121.7 million in its energy businesses, including Northern Ireland Electricity; the Moyle Interconnector, which will link the Scottish and Northern Ireland electricity grids; and the Huntstown Power generation plant north of Dublin.
The Moyle Interconnector and the Huntstown Power Station are both due to come on stream next year, supplying competitively priced electricity to the recently deregulated industrial markets throughout Ireland.
Harry McCracken, Managing Director of Northern Ireland Electricity, the Viridian Group’s largest subsidiary, said: “We are committed to the development of energy markets in Ireland.
“Energia, our competitive electricity supply business, has taken a lead position in the deregulated Irish electricity market. Its position will be enhanced when we are able to match generation and supply as Huntstown power station comes into service at the end of next year.”
The Viridian Group has also announced continued investment by Northern Ireland Electricity. The company spent £39 million on the local network in the six month period, though several of the projects were interrupted by movement restrictions due to Foot and Mouth Disease, to bring the total expenditure on the system to £650 million since the company was privatised in 1992.
Last month NIE won the 2001 British Quality Foundation Business Excellence Award. The Award’s judges were particularly impressed by: “NIE’s strong focus on, and commitment to, their customers, and also to their communities and society at large.” (SP)
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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.
27 June 2008
Rathlin's Big 'Switch' Pulled
Rathlin islanders are at last able to enjoy a dependable supply of electricity. Yesterday, NI Regional Development Minister Conor Murphy officially switched on a new 10.4km subsea electricity cable which extends from Ballycastle to Rathlin Island.
Rathlin's Big 'Switch' Pulled
Rathlin islanders are at last able to enjoy a dependable supply of electricity. Yesterday, NI Regional Development Minister Conor Murphy officially switched on a new 10.4km subsea electricity cable which extends from Ballycastle to Rathlin Island.
25 September 2003
Minister announces £30m electricity initiative
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Minister announces £30m electricity initiative
Enterprise Minister, Ian Pearson has announced plans to invest £30 million in a new initiative aimed at reducing electricity bills for Northern Ireland's businesses. It is hoped that the funding, which is part of a draft budget, will help businesses save 10% on their electricity bills.
27 September 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.
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.
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.
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