ESB has entered into an agreement with the Arcapita Bank-owned Viridian Group for the acquisition, by a wholly-owned subsidiary of ESB, of Northern Ireland Electricity plc (NIE), the Northern Ireland transmission and distribution business of the Viridian Group.

One of the North’s biggest companies today reported a 15% jump in annual profits.

VIRIDIAN, the Northern firm that owns the Huntstown power plant in Dublin, has reported flat first-half profits.

VIRIDIAN of Northern Ireland one of the ESB’s main challengers here is still reviewing its options to build another power plant in the Irish Republic.

Northern Ireland-based power company Viridian Power & Energy has reported an increase in profits on both sides of the border.