U.K. Water Company Pennon’s Unit Wins Waste Treatment Contract

Pennon Group Plc (PNN), the U.K.’s third- largest publicly traded water utility, said today that its waste management company Viridor won a 30-year treatment contract with Peterborough’s city council.

Pennon, based in Exeter, said in a statement that the public-private partnership pact to treat the council’s residual waste requires the development of an energy-from-waste facility, part of a project involving an investment of about 75 million pounds ($118 million). Other terms weren’t disclosed.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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