Pretax profits at waste processing and power generation firm Indaver last year surged by 55 per cent to €32.87 million on the back of an increase in electricity prices.
The company last year paid out a dividend of €18.5 million after paying out a dividend of €19 million in 2021. Revenue from the sale of goods increased by €10 million, or 12.6 per cent, from €78.8 million to €88.8 million, while its revenue from the sale of electricity increased by €13 million, or 69 per cent, from €19.3 million to €32.7 million.cleared the way for the Indaver facility at Duleek to increase the amount of waste it receives to 280,000 tonnes of waste per year – up from 235,000 tonnes of waste per year.
The Ringaskiddy facility is to generate energy that can be converted to electricity to power up to 30,000 homes or used in a district heating system to provide low-carbon heat.