Premier Power
Premier Power Limited is an electricity supply company in Northern Ireland.
The company was formed in 1992 following the
Ballylumford power station
from NIE and formed Premier Power to run it.
On 12 August 2010 the AES Corporation announced that its subsidiary, AES Ballylumford Holdings Limited, had acquired Premier Power through an all-cash transaction for £102 million (approximately $160 million), which included purchase price and working capital adjustment. The transaction was announced on 2 July 2010, and was subject to licence consents from the Northern Ireland Authority for Utility Regulation and the Northern Ireland Department of Enterprise, Trade and Investment.[1]
Through the
Ballylumford facility, Premier Power generates 50% of Northern Ireland's electricity and 17% of all Ireland's
.
See also
- List of Irish companies
- Energy policy of the United Kingdom
- Energy use and conservation in the United Kingdom
- Green electricity in the United Kingdom
References
- The Belfast Telegraph. Retrieved 29 August 2010.
External links
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