16 Jan 2018 07:00
Plutus PowerGen Plc / Ticker: PPG / Index: AIM
16 January 2018
PLUTUS POWERGEN PLC ('PPG' or the 'Company')
TWO FURTHER FLEXIBLE ENERGY SITES ENERGISED
Plutus Powergen Plc, the AIM listed power-company focussed on the development and operation of flexible energy generation ('FlexGen') projects in the UK, is pleased to announce that its two flexible generation sites in Ipswich have been energised. This is part of the Company's strategy to roll-out nine 20MW renewable green diesel-powered sites in tandem with Rockpool Investments LLP.
Charles Tatnall, Executive Chairman of PPG, said: "Our roll-out of FlexGen sites across the UK continues; we now have 120MW in operation and a further three 20MW sites due to come into operation in 2018. We are also making progress with the development of approximately 200MW of gas-fired FlexGen projects and I look forward to updating the market accordingly."
**ENDS**
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
For further information, please visit www.plutuspowergen.com, or contact:
Charles Tatnall | Plutus PowerGen Plc | Tel: +44 (0) 20 3705 8350 |
Phil Stephens | Plutus PowerGen Plc | Tel: +44 (0) 20 3705 8352 |
Andrew Craig | Cantor Fitzgerald Europe | Tel: +44 (0) 20 7894 7000 |
Richard Salmond | Cantor Fitzgerald Europe | Tel: +44 (0) 20 7894 7000 |
Isabel de Salis | St Brides Partners Limited | Tel: +44 (0) 20 7236 1177 |
Olivia Vita | St Brides Partners Limited | 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 due to the continued downward pressure on capacity available to National Grid to balance supply and demand, leading to its 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.