Alkemy Capital. Regulatory News (ALK)

15 Nov 2006 07:01

Alkane Energy PLC15 November 2006 For immediate release15 November 2006 Alkane Energy plc ("Alkane" or "the Company") Three new mine gas projects on stream Alkane Energy plc, the international renewable energy company that designs,builds, operates and services methane treatment and electricity generationplants, is pleased to announce that it has completed three new mine gas projectsat disused mines in Nottinghamshire. This brings the total number of climatechange mitigation plants now in production in the UK to seven, one ahead ofmanagement's 2006 target. Five of the extraction plants supply mine gas forAlkane's own decentralised electricity generation stations and two supply gasdirectly to industrial customers. The new generation stations use standard Pro2containerised units of 1.35MW each connected to the local distribution grid. The new extraction plants, at Mansfield and Warsop, support containerisedgeneration stations with a combined capacity of 2.7MW, enough electricity tosupply around 3,000 homes. The plant at Mansfield also supplies the equivalentof 1MW of heating fuel directly to the customer. These additional plants bringAlkane's total mine gas capacity in the UK to 15.5MW in electricity equivalent. Alkane's methane mitigation plants in the UK are expected to captureapproximately 16,000 tonnes of methane in 2006. In climate change terms, thisis the equivalent of 340,000 tonnes of carbon dioxide per year corresponding tothe removal of around 110,000 cars from the roads. Commenting on the new projects, Dr Cameron Davies, Chief Executive of AlkaneEnergy made the following statement: "I am pleased to report that we have completed our 2006 programme of mine gassupply plants and decentralised electricity generation stations on budget andahead of schedule. Alkane's climate change mitigation expertise and technologyis at the forefront of the battle to reduce greenhouse gas emissions fromabandoned and operating coal mines and as a result strong demand is developingfor our products and services driven by the Kyoto Protocol. Our ongoing programme of electricity generation developments at disused minesites will reduce the amount of methane seeping into the local and globalenvironment and reinforce our position as a supplier of Climate Change Levyexempt electricity in the UK." Enquiries: Alkane Energy plc Buchanan Communications Dr Cameron Davies, Chief Executive Eric Burns, Account DirectorTel: 01623 827927 Tel: 01943 883990 This information is provided by RNS The company news service from the London Stock Exchange