Cookstown form GO Power has scooped a £58 million contract with NI Water.

In a joint venture, GO Power and NI Water will focus on delivering a cost effective service with an emphasis on environmental impact.

Through the contract, 30% of NI Water's electricity will come from renewable sources, bringing the company closer to the NI Assembly's target of 40% of electricity from renewable sources by 2020.

Ronan Larkin Director of Finance and Regulation with NI Water, commented: "This is one of NI Water's largest contracts in terms of annual revenue expenditure. We are confident the terms of the contract will provide excellent value for money for NI Water while meeting our own environmental target of 40% renewable by 2021.

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"It is often a surprise to people that NI Water is the largest consumer of electricity. However, with over 26,700km of water mains and 15,250km of sewers and thousands of assets to maintain, electricity is an essential component of our provision of water and wastewater services throughout Northern Ireland."

Michael Loughran, Managing Director of GO Power added: "We look forward to working closely with NI Water and drawing on our skills and expertise to deliver a first class energy product, customer service and account management."

(CD/MH)