BAHRAIN-BASED Islamic investment firm Arcapita Bank said yester- day, it had completed its £1.62 billion (€2.4bn) purchase of Viridian Group, the North’s biggest electricity supplier.

Northern Ireland Electricity’s parent company, Veridian, today reported an 11% jump in profits and a major increase in business in the Irish Republic.

THE Energy Regulator Tom Reeves will be asked to justify the latest 9% hike in electricity charges to an Oireachtas Committee next month.