Sark Electricity sale could see it community-owned

Sark's electricity company is set to be bought by energy provider Island Power and moved into community ownership.

Current owner Alan Witney-Price said a price of £2.4m had been agreed with Island Power after offers had been received from four parties including Chief Pleas.

In March, Chief Pleas said it intended to pursue compulsory purchase if necessary to bring the business under government ownership.

However, Mr Witney-Price said Island Power would see ownership move to the island's residents with a management team to help deliver the change – the change from private to community ownership needs to be approved by Chief Pleas.