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Posting of Annual Report and Accounts

28 Aug 2015 12:45

RNS Number : 4803X
Plutus PowerGen PLC
28 August 2015
 



Plutus PowerGen Plc / Ticker: PPG / Index: AIM

28 August 2015

Plutus PowerGen plc ('PPG' or 'the Company')

Posting of Annual Report and Accounts

 

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, is pleased to announce that the annual report and accounts for the year ended 30 April 2015 are available for download from the Company's website: www.plutuspowergen.com. Copies of the accounts are expected to be posted to shareholders in the week commencing 07 September 2015.

 

**ENDS**

 

For further information, please visit www.plutuspowergen.com, or contact:

 

Charles Tatnell

Plutus PowerGen Plc

Tel: +44 (0) 20 8720 6562

Phil Stephens

Plutus PowerGen Plc

Tel: +44 (0) 20 8720 6562

Ewan Leggat

SP Angel Corporate Finance LLP

Tel: +44 (0) 20 3470 0470

Katy Birkin

SP Angel Corporate Finance LLP

Tel: +44 (0) 20 3470 0470

Felicity Winkles

St Brides Partners

Tel: +44 (0) 20 7236 1177

Elisabeth Cowell

St Brides Partners

Tel: +44 (0) 20 7236 1177

 

Notes to Editors

Plutus PowerGen plc is an AIM listed company focused on the development, construction and operation of flexible stand-by power generation sites in the UK. At present, the market dynamics for flexible power generation are positive as a result of the continued downward pressure on capacity available to National Grid to balance supply and demand, leading to their announcements about possible power shortages over the next few years.

 

Flexible Power generators such as PPG offer a viable and timely solution to the power capacity shortfall in the UK. To this end, PPG is initially focusing on delivering 200MW of capacity over the next three years and currently has a project pipeline of potential development sites with 500MW of power generation capacity.

 

PPG has a straightforward multi-revenue stream model with large and stable counter-parties and is using project/EIS funding through SPVs to finance construction of the generation assets. This structure has the benefit of limiting dilution to plc shareholders as the assets are financed and built.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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