CAB - 7 Oct 2020 - 10 Oct 2020 - Advice

Council / Gas plant income on the rise

Shetland Gas Plant at Sullom Voe. Photo: Hans J Marter/Shetland NewsShetland Gas Plant at Sullom Voe. Photo: Hans J Marter/Shetland News

SHETLAND Islands Council is projected to make around £275,000 more than anticipated this financial year from the Shetland Gas Plant thanks to an increase in gas prices.

Members of the harbour board heard the news on Monday when they were updated on its accounts.

The council receives rent from the owner of the gas plant, which is located close to Sullom Voe Terminal, as well as money based on throughput.

The projected income for the council from the Total-owned plant in 2018/19 now stands at £1.3 million.

A report written by finance manager Jamie Manson added that the loan charges for one of the council’s new Sullom Voe tugs was £136,000 lower than budgeted.

However, there have been additional overtime costs for towage staff undertaking training on the new tug vessels at Sullom Voe (£113,000), as well as “over-budgeting on commercial shipping dues not anticipated to be achievable” at Scalloway (£165,000).