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Decision details

Energy Centre Lease – basement, 100 Temple Street

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Decision Maker: Director: Property, Assets and Infrastructure

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To enable the transfer of 100 Temple Street energy centre, which forms part of the Redcliff heat network to Bristol Heat Networks Limited (BHNL) prior to the BHNL being transferred to Vattenfall Heat Uk Ltd as agreed at Cabinet 12nd July 2022.

Decision:

Approval provided by the Director of Property, Asset and Infrastructure and Executive Director of Growth and Regeneration as delegated by Cabinet on 12th July 2022. To enter a 50-year lease with Bristol Heat Networks Ltd (BHNL) of part of the basement plant room of offices at 100 Temple Street, where an Energy Centre has been installed to provide heat to the District Heat Network.
This lease is being granted at nil rental, which has been determined as an undervalue (a value below a level that the council could demand if acting commercially). The District Heat Network will generate heat for Commercial and residential properties on the Redcliff Heat Network.

Alternative options considered:

Option 1 - None
Option 2 -
Option 3 -

Publication date: 03/10/2022

Date of decision: 12/09/2022