UK's Haven Power to provide Thames Water with renewable energy
LONDON, May 26 (Reuters) - Britain's Haven Power has signed a 520 million pound ($800 million) deal with Thames Water to supply the water utility with renewable electricity over five years, Haven's parent Drax Group Plc (LSE: DRX.L - news) said on Tuesday.
There is an option for two further five-year renewals which could increase the overall value of the contract to more than 1.5 billion pounds over 15 years, the firm added.
($1 = 0.6500 pounds) (Reporting by Nina Chestney; Editing by Mark Potter)