JP Morgan, Colonial First State launch sale of Electricity North West
JP Morgan and Australian Colonial First State have launched the sale of its UK's electricity distribution utility, Electricity North West for an expected value of US$2 billion.
Several interested investors are eyeing for the company including Chinese companies State Grid Corporation of China and China Southern Power Grid, Hong Kong billionaire Li Ka-shing, and Spanish Iberdrola.
Electricity North West Limited operates as an electricity distributor for homes and businesses in the North West England. The company owns, invests in, operates, and maintains the network of poles, wires, transformers, and cables, which carry electricity from the national grid to 2.4 million premises and 5 million customers. It operates through a network of approximately 13,000 km of overhead lines; and 44,000 km of underground cables.
Country updates
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March 03, 2019
CropEnergies resumes ethanol production at Wilton for UK customers
CropEnergies, through its subsidiary, Ensus has decided to resume ethanol production in its UK plant in Wilton at the beginning of March 2019. It is planned to initially run the factory at r...
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March 01, 2019
UK's first corporate PPA signed for 573 MW Race Bank offshore wind farm
Ørsted has signed a long-term offtake agreement with Northumbrian Water for the 573 MW Race Bank offshore wind farm, located off the coast of Norfolk in the east of England.
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February 28, 2019
42 MW biomass project in UK begins commercial operation
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February 28, 2019
Two solar PV projects in UK achieve financial close
GRIDSERVE has announced that it has closed the funding to build solar farms for Warrington Borough Council in a landmark deal. Investec Bank and Leapfrog Finance will fund construction of the two lar...
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February 22, 2019
Scotland approves development of 21 MW Gilston Hill wind project
The Government of Scotland has approved the earlier rejected 21 MW Gilston Hill wind project to be located near Heriot, southeast of Edinburgh. In October 2017, the project was turned...
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