TEG Group Gets 3 Year, GBP0.1M UK Council Green Waste Pact

9th Jun 2010 08:05

LONDON (Dow Jones)--The TEG Group PLC (TEG.LN), a green technology company, which develops and operates organic composting and energy plants, said Wednesday its subsidiary TEG Environmental Limited has concluded a further contract with Perth and Kinross Council to process garden waste. MAIN FACTS: -The contract is for a three-year term and will cover all Green Waste collected by the Council. -The anticipated revenue from the contract ranges from GBP50,000 to GBP100,000 per annum, depending upon the rate of waste arising. -Shares at 0803 GMT up 1.0 pence, or 2.53%, at 40.5 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 09, 2010 03:05 ET (07:05 GMT)