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

Feb. 1 (Bloomberg) -- Pennon Group Plc, 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.

Link to statement: {NSN MHJMFG6VOT1D <GO>}

Link to Company News:{PNN LN <Equity> CN <GO>}

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