Plutus PowerGen PLC New Corporate Website

TIDMPPG

Plutus PowerGen PLC

23 February 2017

Plutus PowerGen Plc / Ticker: PPG / Index: AIM

23 February 2017

PLUTUS POWERGEN PLC ("Plutus" or the "Company")

New Corporate Website

Plutus PowerGen Plc (AIM: PPG), the AIM listed power company focused on the development, construction and operation of flexible electricity and gas power generation in the UK, is pleased to announce the launch of its new corporate website, www.plutuspowergen.com.

Charles Tatnall, Executive Chairman of Plutus said, "Clean and easy to navigate, we hope that the new website will enable investors to gain an increased understanding of our business and its strategy.

"We remain focused on delivering low-cost flexible energy and gas powered projects in the UK. Having established our first 20MW project in Plymouth in November last year and with more than 200MW under development and a further 700MW in the pipeline, we are confident that we can play a key role in the UK's power generation mix at a time when the National Grid is facing increasing instability and risk of brownouts and blackouts. Importantly, our business model that encompasses partnerships with key players including one of the 'Big Six' multinational utility companies, ensures that these projects are fully funded without the need to dilute shareholders."

**ENDS**

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     Tel: +44 (0) 
                    Europe                20 7894 7000 
 Richard Salmond   Cantor Fitzgerald     Tel: +44 (0) 
                    Europe                20 7894 7000 
 Elisabeth         St Brides Partners    Tel: +44 (0) 
  Cowell            Limited               20 7236 1177 
 Grace-Anne        St Brides Partners    Tel: +44 (0) 
  Marius            Limited               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 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 by the end of 2017 and currently has a project pipeline of potential development sites with 700MW 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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February 23, 2017 02:02 ET (07:02 GMT)