Decision details
Barkantine Heat and Power Company Private Finance Initiative (PFI) Transitional Agreement
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
This report sets out the recommendation to
enter into a two-year transitional agreement post expiry of the
current PFI concession agreement. The new agreement with the
existing provider will run from October 2025 to October 2027, the
extension will ensure the current provider meets all their
obligations post concession agreement expiry, the heat network is
functional and allow the Council the time to develop a
decarbonisation and expansion strategy and comply with new heat
networks and energy legislation.
Decision:
DECISION
1. Authorise the Corporate Director of Housing and Regeneration in consultation with the Mayor to enter into a 2-year transitional period to extend the existing agreement under appropriate commercial terms.
2. Note a detailed decarbonisation and expansion strategy will be developed.
3. Note a future report will be brought to Cabinet for approval to reprocure a new long-term contract from 2027.
Action by
CORPORATE DIRECTOR OF HOUSING AND REGENERATION (P. PATTERSON)
Head of Sustainability (A. Khan).
Report author: Abdul Khan, John Harrison
Publication date: 26/07/2024
Date of decision: 24/07/2024
Decided at meeting: 24/07/2024 - Cabinet
Accompanying Documents:
- Barkantine Heat and Power Company Private Finance Initiative (PFI) Transitional Agreement
PDF 539 KB - Appendix. 1 for Barkantine Heat and Power Company Private Finance Initiative (PFI) Transitional Agreement
PDF 122 KB
- Appendix. 2 for Barkantine Heat and Power Company Private Finance Initiative (PFI) Transitional Agreement
PDF 528 KB
- Appendix. 3 for Barkantine Heat and Power Company Private Finance Initiative (PFI) Transitional Agreement
PDF 145 KB
- Appendix. 4 Heat Network Map
PDF 273 KB
- Restricted enclosure View reasons restricted