The owner of waste giant Viridor reported better than expected profits despite a drop in recycling as its rubbish-fuelled power plants continue to drive growth. Pennon, which also owns South West Water, said its eight energy-from-waste plants continued to perform well and the next four to start up would provide an “earnings kicker” for the group. Pennon is planning to spend £1.2bn building new facilities that can burn waste that would otherwise top up Britain’s heaving landfills to create electricity. The fresh revenue stream has proved a boost for the group, which is facing rising political risk to its water business.
Telegraph 25th May 2018 read more »