29.06.2007
Viridian Group, the Irish energy business which owns Energia, Huntstown Power, Northern Ireland Electricity and Powerteam Electrical Services. has been ranked as the UK's 33rd largest private company in the annual Sunday Times KPMG Top Track 100 league table that was published on Sunday June 24.
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| Viridian’s second major new power station |
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Viridian has played a leading role in promoting an all-island electricity market in Ireland. Viridian's strategy is strongly focused on Irish energy markets, maximising the efficiency of its regulated electricity infrastructure in Northern Ireland and growing an integrated energy business in competitive markets across Ireland, backed by its investment in power generation.
Viridian's second power station at Huntstown North of Dublin is due to open later this year bringing the Group's total investment in the Republic of Ireland to over €500m. Viridian has a turnover of over €1.5 billion and employs around 1,500 staff.
Viridian's competitive market retail arm, Energia, is a leading supplier of electricity to the competitive electricity market. Energia has a market share of approximately 25% of the business electricity market on an all-island basis. It obtains wholesale electricity from a number of sources, including principally Viridian's Huntstown power station north of Dublin. Energia is also a significant supplier of electricity generated from renewable sources and supplies gas to a number of large industrial and commercial customers.
Huntstown was the first independent generator in the Republic; with a capacity of 343MW, it is capable of supplying around 10% of the Republic's electricity needs. A second phase of generation at Huntstown, due for completion in 2007, will bring Viridian's investment in the Republic to €500 million.
Northern Ireland Electricity (NIE) owns and manages the Northern Ireland electricity infrastructure, which connects 785,000 customers via a network of 45,000 km (28,000 miles), of which 32,000 km (20,000 miles) are overhead lines. NIE Supply retails electricity to around 770,000 domestic and small business customers.
Powerteam Electrical Services designs, supplies and constructs high voltage electricity networks for utility and private operators in the UK and Ireland.
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Source: Finfacts- 25/06/07 |
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