Operator of the M50 motorway, M50 Concession Ltd, has signed a major new electricity supply contract with leading energy provider Energia.

The deal is worth €750,000 annually and will see Energia supply power to the M50 Motorways road lighting which has a load of over 1 Megawatt. M50 Concession Ltd operate and maintain the M50 motorway from the M1 to the M11, providing a 24-hour emergency response and vehicle recovery service, patrols on the motorway, together with routine and cyclic maintenance operations.

Fraser Boyd, Operations Manager, M50 Concession Ltd, commented: "Electricity is crucial to our management and maintenance of the M50.We looked for an established supplier who could offer us a competitive tariff and attentive customer service. That is why we chose Energia for this new 5.5 gigawatt annual supply deal. We can reduce our energy costs while knowing that we are not sacrificing on the quality of the service provided."

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Shane Canavan, Energia commented: "M50 Concession Ltd is another example of an Irish business moving to Energia to avail of our competitive energy pricing, energy expertise and unrivalled customer service.

"They'll be joining over 65,000 Irish businesses who have chosen Energia for their energy needs. Whether it’s for conventional or renewable electricity, or a dual fuel deal including gas, Energia is the proving to be the supplier of choice for Irish businesses of all sizes."

Energia has a 28% market share of the Irish business electricity and gas market supplying the energy needs of over 65,000 business customers. In addition to renewable assets, the company also operates a 750MW gas fired power station in north Dublin.

(CD)