Issue - decisions
Barkantine Heat and Power Company Private Finance Initiative (PFI) Transitional Agreement
PDF 227 KB26/07/2024 - Barkantine Heat and Power Company Private Finance Initiative (PFI) Transitional Agreement
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).