Nice one: 15 year leases granted for electric charging points

December 30th, 2015 § Comments Off on Nice one: 15 year leases granted for electric charging points § permalink

Cheshire East Council has agreed to grant a fifteen year lease for the electric vehicle charging points.

The Council secured Government grant funding for the provision of six Rapid Electric Vehicle Charging Points within the Borough, two of which are in the Sainsbury’s car park off South Drive, where some parent’s parking spaces used to be. The others are in Princess Street car park in Congleton and Love Lane in Nantwich.

The grant funding covered 75% of the costs of procurement, installation and maintenance of the units.

ABB Ltd was appointed to provide and install the units and as part of this contract the Council required ABB to provide 25% of the funding. The Electric Vehicle Charging Units have therefore been provided at no cost to Cheshire East.

In order to secure this funding, ABB partnered with an operator of Engenie Ltd, and they required an assurance from the Council that they will be able to operate the units for a reasonable tenure to secure a return on their investment.

Cheshire East Council therefore approved the granting of fifteen year leases and a sub-lease to Engenie, to allow them to operate the six EVCP’s in three of Cheshire East’s Car Parks

  • From: http://www.wilmslow.co.uk/news/article/12846/15-year-leases-granted-for-electric-charging-points

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