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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlantis Resources | LSE:ARL | London | Ordinary Share | SG9999011118 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 35.75 | 35.00 | 36.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMARL
Atlantis Resources Limited
06 December 2016
6 December 2016
Atlantis Resources Limited
("Atlantis" or the "Company")
MeyGen Update - Full Power Generation from Turbine #1
Atlantis, a global leader in the tidal power sector, is delighted to announce another significant milestone with the first installed Andritz Hydro Hammerfest turbine (TTG#1) now operating at full power. Each MeyGen turbine is capable of generating 1.5 megawatts of power when the water speed reaches just over 3.0 meters per second, or around six knots of flow. Operation at full power is significant as it allows for validation of the power curve models which underpin the financial assumptions of the project. This is yet another significant de-risking event for the industry.
MeyGen Project Director, David Taaffe, commented:
"It is extremely satisfying to see all of the meticulous planning and preparation come to life and be validated in the field. Andritz has done a wonderful job in commissioning this system, drawing on many years of operational experience. This will be one of many milestones to come as we now build on this successful start and continue to roll out the world's largest tidal power array. It is an important day for my entire team and all of our contractors."
Atlantis looks forward to updating the market in due course on project progress.
Enquiries:
Atlantis Resources via FTI Consulting Tim Cornelius, Chief Executive Officer Simon Counsell, Chief Financial Officer +44 (0)20 3727 FTI Consulting 1000 Ben Brewerton Alex Beagley James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUNAKRNUAURRA
(END) Dow Jones Newswires
December 06, 2016 04:13 ET (09:13 GMT)
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