May 17, 2018 / 8:31 AM / 4 days ago

Pennon Group signs green loan with HSBC for water treatment investment

LONDON, May 17 (Reuters) -

* Environmental infrastructure company Pennon Group Plc has signed a 30 million pound ($41 million) loan with HSBC UK for investment in water treatment technology, it said on Thursday.

* Green loans are used to fund projects which have clear environmental benefits.

* Pennon Group owns South West Water Limited and waste management company Viridor Limited.

* The loan will be used towards investment in South West Water’s 60 million-pound Mayflower water treatment works in the southwest of England, which is due to become operational in late autumn this year.

* The plant will use ceramic microfiltration treatment processes, which are less chemical and energy-intensive than traditional processes.

$1 = 0.7393 pounds Reporting by Nina Chestney; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below