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NES recycling fund reports 15 per cent return in 15 months


The New Earth Solutions Recycling Facilities Investment Sub-Fund has achieved an increase in share price of 15 per cent in the 15 months since its launch in July 2008.

The fund, which invests directly in New Earth Solutions’ waste management and renewable energy projects, has achieved 15 consecutive positive months since launch and has raised over GBP20m via international life offices and Sipp providers despite ongoing adverse economic conditions.

Dave Whitaker, director of Premier, says: “We are delighted with the fund’s performance to date. With national and European legislation placing obligations on local authorities to divert waste from landfill and the recognition of waste as a valuable renewable energy source, waste management has emerged as a resilient asset class and we are seeing increasing interest from IFAs keen to introduce their clients to the favourable returns that can be achieved in this sector.”

NES currently has three operational waste treatment plants that provide 168,000 tonnes per annum of capacity. A further three facilities with a combined capacity of up to 300,000 tpa, each supported by Local Authority waste contracts and planning permissions, are due to open in 2010 or 2011.

The company has up to 3,300,000 tonnes of secured and/or awarded Local Authority waste over the next 20 years, which equates to over GBP200m of contracted revenue (at current prices).

Most recently the group has secured a 120,000 tpa contract with the West of England Partnership of four local authorities for five years with the prospect of a four year extension, which values the contract at up to GBP80m. The 120,000 tpa contract is one of the largest Local Authority waste contracts that has been awarded to a non-landfill operator in the UK outside of the PFI contracting mechanism.

The fund also provides exposure to the renewable energy sector through the group’s complementary waste-to-energy projects that will deploy gasification and pyrolysis technologies to convert selected waste streams into renewable electricity.

The fund is a sub-fund of The Premier Investment Opportunities Fund Protected Cell Company and is available only to qualifying investors.

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