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22/04/2002
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.
Prince Andrew made a tour of the Ballycronan More converter station in Islandmagee, meeting with project staff before unveiling a plaque to commemorate the opening of the Northern Ireland Electricity (NIE) project, which links Northern Ireland and Scottish electricity grids.
During the tour, His Royal Highness also met with Dr Patrick Haren, Chief Executive of the Viridian Group plc and Alan Rainey, NIE Project Director.
Construction of the interconnector began in May 2000, and was complete by the end of 2001, before running in testing mode from January – March 2002. The project will now come into full operation.
The capacity of the interconnector is 500MW (megawatts), which is approximately the same as that of a modern-sized power station. The results of the interconnector capacity auction, held in December 2001, have resulted in 300MW of power to come from Scotland during summer 2002, and 400MW for the winter of 2002/03.
Speaking at the ceremony, Dr Haren, said: "The Moyle Interconnector represents £150 million of investment in Northern Ireland's electricity infrastructure. This interconnector links Northern Ireland to the electricity grid in Great Britain and, for the first time, brings real competition to the electricity generation market in Northern Ireland.
"Already local industry is reaping the benefits; Northern Ireland's largest businesses now have the opportunity to seek competitive deals from a range of supply companies for electricity imported across the interconnector."
The Moyle project forms part of a wider vision that includes enhanced interconnection with the Republic of Ireland, with NIE and ESB recently announcing the opening of three upgraded electricity interconnectors at Tandragee, Strabane and Enniskillen.
(CL)
Prince Andrew made a tour of the Ballycronan More converter station in Islandmagee, meeting with project staff before unveiling a plaque to commemorate the opening of the Northern Ireland Electricity (NIE) project, which links Northern Ireland and Scottish electricity grids.
During the tour, His Royal Highness also met with Dr Patrick Haren, Chief Executive of the Viridian Group plc and Alan Rainey, NIE Project Director.
Construction of the interconnector began in May 2000, and was complete by the end of 2001, before running in testing mode from January – March 2002. The project will now come into full operation.
The capacity of the interconnector is 500MW (megawatts), which is approximately the same as that of a modern-sized power station. The results of the interconnector capacity auction, held in December 2001, have resulted in 300MW of power to come from Scotland during summer 2002, and 400MW for the winter of 2002/03.
Speaking at the ceremony, Dr Haren, said: "The Moyle Interconnector represents £150 million of investment in Northern Ireland's electricity infrastructure. This interconnector links Northern Ireland to the electricity grid in Great Britain and, for the first time, brings real competition to the electricity generation market in Northern Ireland.
"Already local industry is reaping the benefits; Northern Ireland's largest businesses now have the opportunity to seek competitive deals from a range of supply companies for electricity imported across the interconnector."
The Moyle project forms part of a wider vision that includes enhanced interconnection with the Republic of Ireland, with NIE and ESB recently announcing the opening of three upgraded electricity interconnectors at Tandragee, Strabane and Enniskillen.
(CL)
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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.
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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.
03 January 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.
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.
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Northern Ireland WeatherToday:Cloudy morning with patchy rain clearing away to the north. Direr, brighter weather following with spells of warm sunshine this afternoon and also a few light showers. Maximum temperature 18 °C.Tonight:It will be a mostly dry night with clear periods. Some patches of mist and fog will form towards dawn. Light winds. Minimum temperature 9 °C.
