http://www.genwat.com The latest news and updates from Genwat PLC en-us http://www.genwat.com/rss.xml Tue, 12 Jan 2010 10:54:40 +0000 Genwat is today featured in the Financial Times as a potential flotation candidate for 2010.Follow this link - Financial Times http://www.genwat.com/news/id/18 http://www.genwat.com/news/id/18 Thu, 10 Dec 2009 19:20:45 +0000 The Directors of Genwat plc today announce their intention to float and undertake an Initial Public Offering in Q1 or Q2 of 2010 subject to market conditions.Following a number of successful presentations to some of the Citys leading Institutional Investors wherein an update of Genwats progress was given, Mark Mills, Chairman, commented There is clearly strong demand from Institutional Investors who are top of the tree when it comes to investment decisions in both UK and International businesses and as such, provided the market conditions are appropriate, Genwat intends to undertake an Initial Public Offering (IPO) with a view to raising pounds30m of new capital in early 2010Genwat is working with its advisors and intends to list on AIM giving its investors the opportunity to further benefit from the growth story as the first of a number of Energy from Waste plants are built and brought into service. http://www.genwat.com/news/id/17 http://www.genwat.com/news/id/17 Sat, 10 Oct 2009 14:33:25 +0000 Mark Mills, Genwat Chairman reacted to the latest report from energy regulator Ofgem by stating that "energy from waste plants have an important role to play in helping the UK meet it's renewable energy targets as well as reducing the amount of waste being sent to landfill. By 2020 the UK for its part must deliver 15% renewable energy up from a baseline level of 1.5% in 2006. Investment in renewables will be particularly important in the power sector: BERRs analysis suggests that at least 30% of electricity generation must be delivered from renewable sources by 2020 in order for the target to be metWe must reduce our use of fossil fuels and Genwat's business plans will help to contribute to a more sustainable and guaranteed energy future ensuring that both domestic and business consumers benefit from affordable energy prices as well as reducing the levels of waste sent to landfill". http://www.genwat.com/news/id/16 http://www.genwat.com/news/id/16 Sun, 27 Sep 2009 23:44:26 +0000 Genwat has secured a site suitable to develop its first Energy from Waste plant, in conjunction with an industry leading partner, and further details of the fundraising and build programme will be released to investors in due course.The Directors of Genwat will release a full statement and in the meantime Mark Mills, Chairman stated "This is a significant moment in our business as, most importantly, we have secured a partner of the highest calibre with whom we can develop our Energy from Waste business and secondly, that partner has a site suitable and ready to be developed. Subject to the next stages being completed to all parties satisfaction, we will seek a stock market listing or private equity investor in Q1 or Q2 2010, subject to market conditions, to raise the requisite funds to build the UK's first dedicated Energy from Waste plant." http://www.genwat.com/news/id/15 http://www.genwat.com/news/id/15 Sun, 16 Aug 2009 19:36:39 +0000 Investors registered on the Genwat website can see an update as at 16th August 2009 posted by Genwat's directors. Genwat's directors suggest that investors log in monthly for further news and updates. http://www.genwat.com/news/id/14 http://www.genwat.com/news/id/14 Thu, 30 Jul 2009 16:48:00 +0000 The research found evidence of substantial social consent, both for renewable energy generally and for specific projects, and little evidence to support the continued use of the NIMBY (not in my back yard) concept to explain why some people oppose project proposals. The research concluded that rather than trying to dismiss and undermine legitimate questioning and criticism of particular renewable energy projects, industry and policy makers should instead focus on protecting and nurturing social consent for what is a key part of a low carbon future. No simple formula will achieve this, as each place and context has distinctive characteristics, but the research shows that the importance of factors such as enhancing local benefits; timely and meaningful engagement by developers; trust; and fair planning procedures. Commenting on the research Mark Mills said that "Genwat welcome this report which fully supports our approach of engaging with all community stakeholders in order that all can benefit from the low carbon economy". http://www.genwat.com/news/id/13 http://www.genwat.com/news/id/13 Sat, 25 Jul 2009 15:24:24 +0000 John Healey, UK Planning Minister believes that the new planning system will encourage new renewable energy projects. "We know planning is central to reducing our fossil fuel addiction and building up a new generation of renewable energy infrastructure....Decisions are taking too long under the current system and we need a more efficient and predicable system. That is why we are establishing the Infrastructure Planning Commission (IPC) that will enable us to cut the time taken to make big decisions from up to seven years down to under a year and save the economy pounds300m a year"Genwat Chairman Mark Mills welcomed the comments stating that " a reduction in the time taken to obtain planning permission is a welcome boost as we look to build and operate waste to electricity plants throughout the UK". http://www.genwat.com/news/id/12 http://www.genwat.com/news/id/12 Fri, 17 Jul 2009 11:31:50 +0000 Chris Hanson, Chief Executive Officer of Genwat believes that the Government plans to unlock pounds2.5 billion of new investment in Power infrastructure is good news and timely for Genwat's investment plans."The strategy sets out the action the Government is taking to ensure that British businesses and workers are equipped to maximise the economic opportunities and help Britain move towards a low carbon economy. Genwat welcomes this initiative and is committed to action and investment to help deliver renewable energy and reducing the amounts of waste being sent to landfill. We will work with all community stakeholders to deliver solutions that will create sustainable local employment opportunities for all our employees and an exciting future in the Green Economy" http://www.genwat.com/news/id/11 http://www.genwat.com/news/id/11 Thu, 16 Jul 2009 15:40:49 +0000 The Chairman of Genwat Mark Mills welcomed the publication of the UK Low Carbon Transition plan. The Government announced further support to renewable technology by increasing financial incentives for renewables developers through the Renewables Obligation and the forthcoming clean energy cashback initiative. It is also streamlining the planning process, supporting innovation, speeding up grid connection and developing UK supply chains.Mark Mills commented "The publication of the transition plan is good news for Genwat and our plans to build a network of community based micro energy from waste plants in the UK. We welcome the Government's announcement which will support our plans to contribute significantly to a reduction in UK carbon emissions and the amount of waste being sent to landfill" http://www.genwat.com/news/id/10 http://www.genwat.com/news/id/10 Mon, 06 Jul 2009 10:45:56 +0000 Michael has 30 years experience in nuclear and engineering industries with American (Westinghouse), UK (GEC/NNC), German (RWE) and French (Vinci) owned companies.Michael took ailing 45-man UK subsidiary of RWE NUKEM to full recovery then identified and led acquisitions and divestments resulting in its sale as a €200 million business. Career HighlightsConsistently successful and respected in a varied career at senior level - academic research, US multinational, GEC-owned nuclear reactor construction, German utility-owned nuclear engineering business and French-owned civil construction group.Built NUKEM Limited from 45 people to over 1000 during 13 years as Chief ExecutiveIdentified and personally drove through the acquisition of AEA Technologys nuclear engineering business (700 people) in 2001. Then led the integration of this former-UKAEA business into the private sector, including all issues of TUPE, government pensions, union recognition etc.Joint Managing Director with two German colleagues to lead the sale of the NUKEM Group to the Advent private equity company in 2006. Worked closely with UBS who managed the sale process.Took an equity stake in the business and then played a leading role in the strategy to split the NUKEM Group and proceed on a fast exit from private equity ownership.Led the sale of NUKEM Limited to Freyssinet for a multiplier in excess of 20 x EBITDA. Wrote the Information Memorandum, designed and led the management presentations, worked with NM Rothschild to conduct all aspects of the sale including bid lists, short-listing, due diligence, sale and purchase agreements, etc.Led the Company through a number of brand and cultural changes including the most recent integration into the international Vinci Group and formation of the Nuvia brand. http://www.genwat.com/news/id/8 http://www.genwat.com/news/id/8 Mon, 22 Jun 2009 13:47:31 +0000 Last week, we were delighted to visit the Energos plant in Norway and see for ourselves the potential of Genwat plc.Not only did we come away enthused by the lack of emissions, the unobtrusiveness of the building and the opportunities it has created for local people, but also with a real belief that our business plan is sound and achievable.Genwat aims to have contacted and met with all relevant UK councils by the end of 2009 and at the time of writing, has also received enquiries from abroad which it will consider. http://www.genwat.com/news/id/7 http://www.genwat.com/news/id/7 Thu, 04 Jun 2009 16:48:10 +0000 John Westwood, age 57 was a senior faculty member of the Manchester Business School. John lectures internationally and acts as a consultant and adviser to a wide range of companies. He was also a non-executive director of Matalan plc and non-executive Chairman of The Big Word, an international language management company."John brings commercial expertise, fund raising experience and familiarity of large scale roll out programmes to the Genwat Board. Each of John's skills will be welcomed as we progress through funding to building out our first plant. John is a welcome addition to the Genwat Board and his agreement to join at this stage is a vote of confidence in the team" Mark Mills remarked. http://www.genwat.com/news/id/6 http://www.genwat.com/news/id/6 Sun, 31 May 2009 08:41:05 +0000 The new Genwat plc website contains detailed information about both the company and its industry. This will serve to help educate and inform visitors and potential investors alike.Visitors may register accounts in order to access the members only area, where further company details and investment information are available.The colour scheme and design of the website reflects the company's green ethic and pledge towards helping build sustainable energy sources.Chairman Mark Mills commented "We're delighted to have the new website up and running, and look forward to keeping it updated with the latest news and information regarding Genwat plc. It will act as a strong information resource for visitors and investors alike".Be sure to bookmark the website, check back regularly for updates and offer your own comments. http://www.genwat.com/news/id/5 http://www.genwat.com/news/id/5