3 Sep 2019 14:02
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, this inside information is now considered to be in the public domain.
3 September 2019
PLUTUS POWERGEN PLC
("Plutus", the "Group" or the "Company")
Update re Application for Planning Permission for Double Gas-Powered Generation Site ("peakers") in the South West of England
Plutus PowerGen (AIM: PPG), the AIM quoted power company focused on the development and operation of flexible energy generation ("FlexGen") projects in the UK, announces that, earlier today, the application for planning permission for the development of a double gas-powered site in the South West of England was initially rejected on the grounds of perceived poor air quality.
The Board are disappointed by this initial rejection and are considering all options available to them, including, but not limited to, an appeal. The Board remains confident in its FlexGen strategy of bringing online further high margin gas operations and has a pipeline of other prospective peaker sites.
Further details on the planning application were announced by the Company on 16 April 2019.
**ENDS**
For further information, please visit www.plutuspowergen.com, or contact:
Plutus PowerGen Plc | +44 (0) 20 8720 6562 |
Charles Tatnall, Executive Chairman | |
Allenby Capital Limited (Nominated Adviser and Joint Broker) | +44 (0)20 3328 5656 |
Nick Athanas James Hornigold | |
Turner Pope Investments (TPI) Limited (Joint Broker) | +44 (0)20 3621 4120 |
Andy Thacker | |
St Brides Partners Limited (Financial PR) | +44 (0)20 7236 1177 |
Isabel de Salis |
PPG.L (PPG)