New security introduced to counter rising theft
R. Michael Lagow, CEO for Safeguard, stated, “We work closely with our client to mitigate certain types of theft. Due to the rising cost in copper, certain facilities are at significant security risks. Our team has designed a security technology solution to help reduce the threat and diminish its effects ongoing power utility operations. We are pleased to announce implementation of this program as it will significantly shrink losses in their remote facilities located throughout Texas.”
Shelly Anderson, Vice President, Operations, added, “We continue to expand our services in all areas including investigations, background checks, security staffing and security technology. Last quarter, we invoiced approximately $400,000 in additional security services outside of our base contract. Our services continue to expand with our client’s needs on an ongoing basis.”
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Hitachi freezes British nuclear project, books $2.8bn hit
TOKYO - Japan’s Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a write down of 300 billion yen.
The suspension comes as Hitachi’s Horizon Nuclear Power failed to find private investors for its plans to build a plant in Anglesey, Wales, which promised to provide about 6 percent of Britain’s electricity.
“We’ve made the decision to freeze the project from the economic standpoint as a private company,” Hitachi said in a statement.
Hitachi had called on the British government to boost financial support for the project to…
