Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Pennon Group PLC (PNN)

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Monday 11 October, 2010

Pennon Group PLC

Engineering Procurement and C

RNS Number : 1393U
Pennon Group PLC
11 October 2010
 

 

Notification under Listing Rule 10.4.1

 

11 October 2010

 

Runcorn - Energy from Waste Plant Phase II - EPC Contract signed

 

Pennon Group Plc is pleased to announce that its subsidiary, Viridor Waste Management Limited ('Viridor'), has signed the Engineering Procurement and Construction ('EPC') Contract for Phase II of the Energy from Waste ('EfW') plant at Runcorn in Cheshire with Keppel Seghers Belgium NV and Keppel Seghers UK Ltd ('Keppel Seghers').

 

A key part of Viridor's stated strategy is the construction and operation of EfW plants to handle residual waste which is being diverted from landfill in line with the European Landfill Directive, and to maximise the associated renewable energy generation.  As announced in April 2009, Viridor has secured all of the rights to Phase II of the planned Runcorn facility.  Phase I is being built primarily for the Greater Manchester Waste PFI contract.  Phase II will be available for the market generally, as steeply rising landfill tax drives residual waste disposal away from landfill towards EfW.

 

The Phase II project requires capital investment of approximately £160 million, from available internal funds as required, for a 375,000 tonnes per annum capacity plant. This is in addition to the £34 million of advanced and shared works required for both Phase I and Phase II, announced in April 2009.   

 

Colin Drummond, Chief Executive of Viridor, said "The combined Runcorn plant will be one of the largest and most efficient in Europe with a total capacity of 750kt of waste p.a., 70MW of electricity and 51MW of heat.  Construction of Phase II will be coordinated with ongoing work on Phase I which permits significant cost savings.  It will enable Phase II to come on stream by 2014/2015 by which time large scale energy from waste facilities will be cost competitive against landfill with landfill tax by then being £80 per tonne."

 

 

Further information:

 

Further information on Pennon Group and Viridor can be found on www.pennon-group.co.uk and www.viridor.co.uk

 

For further  enquiries, please contact:

            Colin Drummond on 01823 721435

            Jo Finely on 01392 443401

            Katie Johnson (Finsbury) on 020 7251 3801

 

 

 

 

 

 

 

 

 

 

Background Information to the Greater Manchester Waste PFI contract:

 

As announced last year, financial close on the Greater Manchester Waste PFI 25-year contract was achieved on 8 April 2009.  It is the UK's largest ever combined waste and renewable energy project, managing 1.3 million tonnes of waste per year and is designed to achieve at least 50% recycling levels and 75% landfill diversion for the Greater Manchester area. 

 

The PFI is a joint venture between Viridor and John Laing Infrastructure.  Operation of the associated facilities is being carried out on a sub-contract basis by Viridor.  In October 2009 it was confirmed that all required facilities planned for development had received planning permission.  At 30 September 2010 of these 42 facilities, 28 had been completed and handed over to Viridor to operate.

 

Associated with the Greater Manchester waste PFI contract is the EfW Combined Heat and Power (CHP) facility (Runcorn Phase I), a three-way joint venture between Ineos Chlor, Viridor and John Laing Infrastructure.  Planning permission was achieved by Ineos Chlor for both phases of the EfW CHP plant at Runcorn in September 2008 and construction of Phase I has commenced.  Total capital expenditure for the Greater Manchester PFI was projected to be £405 million with an additional £235 million for the associated EfW CHP plant (Runcorn Phase I).  Viridor's funding contribution to these will be £85 million.   

 

Background Information on Viridor's Strategy

 

Viridor's stated strategy comprises:

 

-     capitalising on its strong position in landfill waste disposal;

-     proactively developing new recycling operations to meet ambitious EU/UK targets; and

-     successfully exploiting the huge potential in waste-based renewable energy generation.

 

After Runcorn Phases I and II are completed, Viridor's total energy from waste disposal capacity will be around 800kt p.a. (including its share of joint venture plants).  Its total waste based renewable energy capacity on the same basis will be around 190MW.

 

Published: 11 October 2010

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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