John Laing Group plc Investment in waste-to-energy plant (8909X)
24 Dicembre 2019 - 8:00AM
UK Regulatory
TIDMJLG
RNS Number : 8909X
John Laing Group plc
24 December 2019
Investment in waste and energy plant in Western Australia
John Laing Group plc ('John Laing'), the international active
investor in greenfield infrastructure, announces that it has
entered into an agreement to invest A$51.5m (approximately GBP28m)
in the East Rockingham Resource Recovery Facility in Perth,
Australia. This investment will take John Laing's total investment
commitment in 2019 to approximately GBP185m.
This utility scale, A$510.8m waste-to-energy plant will help to
address Australia's rising waste management problem by diverting
waste from landfill and will also generate 28.96MW of renewable
baseload energy to support Western Australia's electricity
network.
When operational, the centre will process around 300,000 tonnes
of residual waste per year, the equivalent of taking 70,000 cars
off the road. It is expected to create around 300 jobs during
construction and 40-50 during operation.
The project has been co-developed by organisations including New
Energy Corporation, Hitachi Zosen Inova (HZI), Acciona, and Tribe
Infrastructure Group, and John Laing is investing alongside HZI and
Acciona. The centre is expected to be operational by 2023.
Justin Bailey, Regional Managing Director Asia Pacific, said "We
are delighted to be a part of this project that will develop an
important piece of infrastructure for Western Australia. Not only
will it deliver a sustainable waste management solution but it will
also make a critical contribution towards Australia's emission
reduction targets. We are committed to delivering responsible
infrastructure projects that will improve the local environments
and communities they serve, and we look forward to working with our
partners to deliver this exciting project".
ENDS
Further information:
Analyst / investor enquiries:
Luciana Germinario, Chief Financial Officer +44 (0) 20 7901 3200
Tejal Patel, Investor Relations & Finance Manager +44 (0) 20 7901 3200
Media Enquiries:
Matt Denham, Teneo +44 (0) 7825 735 596
JohnLaing@teneo.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGRQXLFLKLFLFBX
(END) Dow Jones Newswires
December 24, 2019 02:00 ET (07:00 GMT)
Grafico Azioni John Laing (LSE:JLG)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni John Laing (LSE:JLG)
Storico
Da Apr 2023 a Apr 2024