Post-Brexit boost as Veolia pledges investment

Veolia has decided to continue with its investment drive in the UK despite the political uncertainty created by the departure of the country from the European Union.

In a boost to the British power sector Veolia will pursue a number of waste power projects in the post-Brexit era.
Estelle Brachianoff
It includes a new agreement with Hertfordshire council to build a 33 MW waste-fired power station in Rye House, 20 miles north of London, at a cost of about à‚£270m.

Estelle Brachlianoff (right), Senior Executive Vice-President UK & Ireland told the FT that in the long term, waste-fuelled power had the potential to meet 2 per cent of total UK power demand, compared with 7 per cent from the proposed Hinkley Point C reactors.

Veolia already operates a 35MW plant in south-east London with the capacity to produce enough power for 48,000 homes, as well as heat and hot water for 2,500 local properties, from 420,000 tonnes of waste per annum.

The French group, which employs 14,000 people in the UK, generated just over half its €25bn revenues last year from waste and energy, with the rest from water. The UK is the group’s largest market outside France, with annual sales of about à‚£2bn.

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