To seek approval to issue construction loans
to Gateshead Energy Company to extend the district energy network
and construct a minewater heat pump
Decision type: Key
Reason Key: Expenditure > £250,000;
Decision status: For Determination
Notice of proposed decision first published: 20/10/2020
Anticipated restriction: Fully exempt - View reasons
Explanation of anticipated restriction:
This matter will be dealt with during the private part of the meeting.
This matter is considered to be commercially confidential and contains exempt information, as detailed below:
1. The report will contain “exempt” information which falls
within paragraph 3 of part 1 of schedule 12A to the Local
Government Act 1972 (“Information relating to the financial
or business affairs of any particular person (including the
authority holding the information)”;
and
2. "In relation to the “exempt” information, it has been determined that the public interest in maintaining the exemption outweighs the public interest in disclosing the information because disclosure would adversely impact the authority’s ability to manage its commercial financial and business affairs."
Decision due: 17 Nov 2020 by Cabinet
Contact: Jim Gillon, Service Director – Energy & Design Email: jimgillon@gateshead.gov.uk Tel: 0191 433 3923.