RE: Time20 Jan 2023 09:57
RE - gazard pumping hard in a RNS almost 2 years ago. Now can’t even afford to file the accounts. What an embarrassment
Dukemount Capital plc, the property management and long dated income specialist is pleased to announce that it has agreed outline terms for a joint venture in the flexibility power sector. Once due diligence and definitive agreements have been completed, Dukemount will own 50% of the joint venture vehicle, HSKB Limited ("HSKB"). HSKB is currently owned by Matthew Clare, who has a well established expertise in the sector. Paul Gazzard, a non-executive director of Dukemount, who has worked with Mr Clare on power sector transactions in the past, introduced the opportunity for the joint venture to the Company. The joint venture will develop two 11KV gas peaking facilities which together will produce around 10MW of power for a total cost of approx. GBP6.25million. Dukemount believes that this joint venture represents the next steps to meeting its target of growing to a GBP100m plus business.