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Pennon Group signs green loan with HSBC for water treatment investment

Reuters - UK Focus

LONDON, May 17 (Reuters) -

* Environmental infrastructure (Other OTC: EIHC - news) company Pennon Group Plc (Frankfurt: 3PNA.F - news) has signed a 30 million pound ($41 million) loan with HSBC UK for investment in water treatment technology, it said on Thursday.

* Green loans are used to fund projects which have clear environmental benefits.

* Pennon Group owns South West Water Limited and waste management company Viridor Limited.

* The loan will be used towards investment in South West Water's 60 million-pound Mayflower water treatment works in the southwest of England, which is due to become operational in late autumn this year.

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* The plant will use ceramic microfiltration treatment processes, which are less chemical and energy-intensive than traditional processes.

($1 = 0.7393 pounds) (Reporting by Nina Chestney; editing by Jason Neely)