Utility Week

UTILITY Week 16th September 2016

Utility Week - authoritative, impartial and essential reading for senior people within utilities, regulators and government

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Finance & Investment This week Water Plus wins major deal with leisure firm Contract with David Lloyd Leisure to supply all 84 of its sites is largest UK-wide switch to date Water Plus has signed a deal with a major sport and leisure business, David Lloyd Leisure, to supply water to all 84 of its UK sites. This is the largest UK-wide switch to date, and will give David Lloyd a single point of contact for billing for all of its health clubs and gyms, and a consolidated bill for wastewater, surface water drainage and trade effluent. Prior to signing up with Water Plus, each of David Lloyd's facilities was serviced by its local water com- pany, which meant the business had to deal with 15 different suppliers for billing and specific site issues. Of its 84 locations, 70 are above the present water-use threshold for switching. Water Plus will also deliver a water efficiency plan for David Lloyd, including the installation of automated meter readers and leak detection systems across its sites. David Lloyd's utilities and property finance manager, Kish Sharma, said: "The freedom to choose a single water company has created a range of benefits for our business, including cost and efficiency savings, as well as consolidated billing across most of the estate. We're excited to be working with Water Plus." Water Plus sales director Tony McHardy said: "Now is the time for organisations to start planning in order to maximise the potential benefits of competition. The sav- ings and service benefits of this deal demonstrate what other companies can get out of switching." LV ELECTRICITY Statkraft may dump UK wind portfolio Norwegian state energy com- pany Statkra is considering selling off its UK wind portfolio, aer announcing in December that it will make no new invest- ments in offshore wind. The company owns shares in the 317MW Sheringham Shoal offshore windfarm, as well as in the not yet complete 402MW Dudgeon and 4.8GW Dogger Bank projects. "We're currently re-evaluat- ing all of our existing offshore wind assets, with the exception of Triton Knoll, where we remain committed to working with Innogy to develop the project towards an investment decision before bringing in new owners," said Steinar Bysveen, executive vice president at Statkra. ELECTRICITY South Korea's Kepco in nuclear plant talks Korea Electric Power Corporation (Kepco) is close to investing in the £10 billion Moorside nuclear plant in Cumbria. The company initially entered talks about joining the NuGen consortium, which is developing the project, three years ago. Negotiations have now resumed, according to four sources "with knowledge of the situation", which were quoted by the Financial Times. The sources said progress has been made towards a potential equity stake for Kepco as well as a possible role in construc- tion. The company is 51 per cent owned by the South Korean government, which has set the target of becoming the world's third largest nuclear reactor exporter by 2030. The Moorside project is cur- rently a joint venture between Engie and Toshiba. It will use three AP1000 reactors supplied by Westinghouse, Toshiba's US subsidiary. With a total capacity of up to 3.8GW, once operational it will meet around 7 per cent of the UK's electricity needs. WATER Welsh Water begins reservoir works Welsh Water is starting improve- ment works on two reservoirs near Cardiff that it acquired earlier in the year. The utility bought Llanishen and Lisvane reservoirs, which had previously supplied steelworks in the area and were owned by CELSA UK, in January 2016. Over the course of the com- ing months, Welsh Water will carry out essential maintenance and remedial work on the various component parts of the reservoirs, including valves, water run-off channels, chamber covers and the stonework of the dam. The work will also include tree and foliage clearance. Deal includes delivery of a water efficiency plan UTILITY WEEK | 16TH - 22ND SEPTEMBER 2016 | 19 Stock watch 11.0 10.5 10.0 UNIPER SHARE PRICE, 12 - 13 SEPTEMBER 10am 12pm 2pm 4pm 13 Sep 10am 12pm 8.5 8.0 7.5 7.0 6.5 EON SHARE PRICE, 8 - 13 SEPTEMBER 8 Sep 9 Sep 12 Sep 13 Sep Uniper shares rose in its first days of trading. The stock market debut marks the completion of the spin- off of Eon's conventional power generation and energy trading operations into a separate entity. Shares were offered at a price of €10.015 in an opening auction on Monday. At the time of publication they were trading at €10.705, valuing Uniper at around €3.9bn. Eon was worth €15.8bn before the flotation and at the time of publication had fallen to €13bn. 12 Sep

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