Liberty Wharf, St. Helier: Sub-Station: Sale

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A decision made 21 October 2016:

Decision Reference: MD-TR-2016-0086
Decision Summary Title:	Sale of sub-station at Liberty Wharf by SoJDC		Date of Decision Summary:	18th October 2016
Decision Summary Author:	Head of Shareholder Relations		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Sale of sub-station at Liberty Wharf by SoJDC		Date of Written Report:	18th October 2016
Written Report Author:	Head of Shareholder Relations		Written Report : Public or Exempt?	Exempt: Article 33
Subject: Shareholder approval for the States of Jersey Development Company (“SoJDC”) to sell the sub-station at Liberty Wharf to Jersey Electricity Plc (“JEC”) for £230,000.
Decision(s): The Minister approved the sale by SoJDC of the sub-station at Liberty Wharf to the JEC for £230,000. This is subject to there being no objections after the 15 day “grace” period required under P.73/2010 in order to allow for sufficient transparency and scrutiny.
Reason(s) for Decision: The Minister’s approval is in accordance with section 13.1 of SoJDC’s Memorandum of Understanding and the requirements in Section 12 of P.73/2010.
Resource Implications: There are no financial consequences for the States of Jersey.
Action required: In accordance with Section 12, of P.73/2010, this decision will not take effect for 15 days from the date of signing.
Signature:		Position: Connetable JM Refault, Assistant Minister for Treasury and Resources
Date Signed:		Date of Decision: