Centrus client Mutual Energy Preferred Applicant for Gas to the West Project
On 18th November, the Utility Regulator in Northern Ireland announced the selection of Mutual Energy, (the owner of the Moyle Interconnector, Premier Transmission and Belfast Gas Transmission) as the Preferred Applicant for the Gas to the West Project. The project is an extension of the Gas network in Northern Ireland to Dungannon, Cookstown, Enniskillian, Omagh and Strabane.
Centrus is financial advisor to Mutual Energy and has supported the company in the development of its financial and commercial strategy during the last 12 months. The company is expected to secure a long term financing for the asset on completion of construction.
Geoff Knight, who along with Dublin based Jason Murphy is leading the transaction for Centrus commented “This project has drawn upon our broad based capital markets and project financing experience in economic infrastructure and we are pleased to have supported Mutual Energy in its innovative and successful bid”.
Gerard McIlroy, Finance Director of Mutual Energy said “we chose Centrus as our Financial Advisors because of their experience in delivering complex project financings through the Capital Markets and look forward to working with them to complete the Gas to the West project”