LONDON (Alliance News) - Conygar Investment Co PLC on Friday said it has purchased the freehold of a former Royal Dutch Shell PLC storage facility site near Rhosgoch in Anglesey for around GBP3.0 million.
The 203-acre brownfield site is located around three miles from Amlwch port and six-and-a-half miles from the Wylfa nuclear power station. Conygar didn't say from whom it purchased the site.
"We are pleased to have acquired this site which is ideally located to provide a base for a range of support facilities which we believe will be required by the contractors engaged in the construction of the multi-billion pound nuclear power station project," said Chief Executive Robert Ware.
"In addition, it is also well suited to a number of other uses such as a solar farm and gas fuel energy projects. We will now be working towards submitting planning applications within the next twelve months," he added.
Conygar shares were down 0.7% to 167.30 pence per share on Friday afternoon.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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Conygar Inv (CIC)