(Alliance News) - IGas Energy PLC has received planning approval from Stoke-on-Trent City Council for a geothermal project in Etruria Valley, Staffordshire.
The oil & gas producer said the project will supply zero-carbon heat to Stoke for future decades.
Shares in IGas were up 7.3% to 18.13 pence in London on Tuesday morning following its announcement of the project approval.
The London-listed energy company said it continued to have positive discussions with the government regarding future financial support for this and other geothermal projects.
By Will Paige; willpaige@alliancenews.com
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