Some perspective8 Jul 2020 10:18
RNS dated 30/01/19:
“Completed due diligence on two flexible power plants totalling 25.2Mw for acquisition by MED and now proceeding to negotiate Joint Development Agreements for them both
· Sites planned to be operational in Q4 2019 and Q1 2020 respectively“
RNS dated 21/05/19:
“Subject to successful financial close and notice to proceed, and no external connectivity delays, targeting commercial commissioning of the Bordersley site in late Q4 2019 / Q1 2020“
RNS dated 21/06/19:
“ MED has completed acquisition of Bordersley Power Limited ('Bordersley'), a Special Purpose Vehicle ('SPV') which will comprise a 5MW gas-fuelled power generation plant targeting commercial commissioning end Q1 2020”
RNS dated 09/09/19:
“ The plant is targeted for commercial commissioning end of Q1 2020 and is the first reserve power generation project being developed by MED, which is focused on building its initial portfolio of 100MW.”
RNS dated 13/09/19:
“ The immediate focus is to roll out the first tranche of sites c. 150 MW, with the Bordersley site scheduled to be the first site in production at the of end of Q1 2020. The longer-term focus will be to roll out a further 150 MW to reach the declared intention of commercially operating sites of varying capacity totalling 300 MW.”
RNS Dated 10/12/19:
“ Good progress towards de-risking 5 MW gas-fuelled power generation plant, Bordersley, which remains on target for commercial commissioning at the end of Q1 2020.”
And on the latest Sharetalk podcast it is hoped to commission MED by the end of 2021.
Covid19 didn’t really affect things until March 2020. These are the facts draw your own conclusions as to the likelihood of this latest timeline being achieved.
Sign In
Follow the stocks
