We are thrilled to announce that our Speyside team has recently been awarded a prestigious global health and safety award.

Last month, BWSC had the privilege of attending the 68th RoSPA ceremony where we received the Gold Award in the Industry category. This award highlights our unwavering commitment to ensuring that our staff, clients and contractors get home safely at the end of each working day.

The The Royal Society for the Prevention of Accidents (RoSPA) Awards is the largest and most influential health and safety program in the world. With nearly 2,000 entries annually from over 50 countries, the awards cover safety standards across 32 sectors, providing a unique platform to recognize leaders dedicated to creating safer and healthier workplaces.

At BWSC, we place the highest value on safety, and this award is a testament to our continuous efforts in this vital area. We congratulate our UK team for their hard work and dedication that made this possible. We strive to keep promoting safety across all our sites, ensuring that safety is at the heart of everything we do.

We concluded last March on a high note with the successful inauguration of the Ribe Dispensary, commissioned by Rabai Power, and overseen by the two outgoing Board Directors of Rabai Power Limited (RPL) and Rabai Operation & Maintenance Limited (ROML).

This inauguration marks a significant milestone in the extensive and long running CSR program in Rabai, Kenya, that we have been a part of, centered around three fundamental pillars: Education, Health and Water.

The memorable ceremony commemorated the official handing over of the facility to the local stakeholders who have always valued Rabai Power’s continuous support of the community. It also stands as a gracious farewell gesture of the outgoing Board Directors.

We look forward to seeing the positive impact and achievements that will stem from this initiative, reflecting our ongoing dedication to social responsibility.

To learn more about our CSR initiatives, please visit our social sustainability page found here.

In our just released 2023 financial report, we report a revenue of 1,3 billion DKK alongside a net profit of 66 million DKK. The substantial portion of our revenue is derived from renewable energy businesses, currently standing at 76%, up from 58% in 2022. This emphasizes our success in promoting sustainable energy solutions. Our commitment to sustainability has already yielded tangible results, as demonstrated by the successful delivery of two green hydrogen projects in 2023.

During the year we have been dedicated to enhancing the performance of the power plants we operate and maintain (O&M sites) through substantial investments. As a result, we have achieved the highest power production availability ever recorded across the power plants we operate and maintain. Investments herein have impacted negatively on our result for the year, while a strategic sale of shares has had a positive impact on the result.

While our cash flow from operations has shown improvement compared to the previous year, it remained negative in 2023. Efforts are continuing to improve this aspect further as part of the ongoing turnaround of BWSC.

Furthermore, our increased customer focus has led to significant improvements, with our Service order intake experiencing a remarkable 48% increase compared to 2022. This growth is attributed to both a higher volume of orders and the expansion of our customer base, reaffirming our dedication to operating as a dedicated Service provider catering to a diverse clientele rather than relying solely on large orders.

Find all BWSC Annual Reports here.