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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  National Grid plc    NG.   GB00B08SNH34

Delayed Quote. Delayed  - 07/28 10:38:20 am
1107.5 GBp   +0.59%
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IFA2 latest: Leading consultants Arcadis appointed to complete airfield assessment at Daedalus

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07/28/2016 | 10:11am CEST

28 Jul 2016

  • Leading consultants Arcadis appointed to help ensure IFA2 energy project can coexist with airport operations at the Daedalus site
  • Assessment commissioned by National Grid IFA2 Ltd in conjunction with land owner Fareham Borough Council
  • Assessment will be carried out between July and September 2016

Expert consultants have been hired to help ensure that proposed cross channel energy link IFA2 can operate alongside the Solent Airport at Daedalus.

National Grid IFA2 Ltd, in conjunction with land owner Fareham Borough Council have appointed leading consultants Arcadis to carry out an independent assessment looking at how the IFA2 electricity interconnector would operate alongside the Solent Airport at the Daedalus site in Lee-on-the-Solent, Hampshire.

National Grid IFA2 Ltd is proposing to lease land at Daedalus for the British part of its proposed IFA2 project, which would help boost access to safe, reliable, affordable energy supplies by providing a new energy link with France.

Arcadis have been commissioned to carry out the assessment to ensure that the interconnector will be able to coexist with site owner Fareham Borough Council's Vision for Daedalus and won't adversely affect operations at the airport.

Arcadis will start work on their assessment this month with the report due to be completed in September 2016.

Morris Bray, from National Grid IFA2, who helped commission the assessment, said: 'This independent assessment should help provide reassurance that our proposals won't affect Fareham Borough Council's Vision for Daedalus including its continued use as an operational airport.'

Stef Scannali, Arcadis Head of Safety Risk Management, said: 'We're delighted to be supporting National Grid IFA2 Ltd and Fareham Borough Council on this vital project.

'We will be working to assure the safe development of the new IFA 2 interconnector whilst also allowing Solent Aiport at Daedalus to remain safe and fully operational.'

For more information, call the project team on 0800 0194 576 or email info@ifa2interconnector.com . or visit the website - www.ifa2interconnector.com

National Grid plc published this content on 28 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 July 2016 08:11:01 UTC.

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Financials ( GBP)
Sales 2017 16 201 M
EBIT 2017 4 164 M
Net income 2017 2 400 M
Debt 2017 25 580 M
Yield 2017 4,04%
P/E ratio 2017 15,87
P/E ratio 2018 17,03
EV / Sales 2017 4,13x
EV / Sales 2018 4,10x
Capitalization 41 254 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 9,71  GBP
Spread / Average Target -12%
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John Mark Pettigrew Chief Executive Officer & Executive Director
Peter Oliver Gershon Non-Executive Chairman
Andrew R. J. Bonfield Executive Director & Finance Director
Richard Adduci Chief Information Officer
Ruth Kelly Independent Non-Executive Director
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