Share Name Share Symbol Market Type Share ISIN Share Description
Plutus Pwrgen LSE:PPG London Ordinary Share GB00B1GDWB47 ORD 0.1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -5.00% 0.95p 0.90p 1.00p 1.00p 0.875p 1.00p 2,553,504 15:41:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 1.4 -0.6 -0.1 - 6.88

Plutus PowerGen PLC Two Further Flexible Energy Sites Energised

16/01/2018 7:00am

UK Regulatory (RNS & others)


Plutus Pwrgen (LSE:PPG)
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RNS Number : 9357B

Plutus PowerGen PLC

16 January 2018

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     Tel: +44 (0) 20 
                    Europe                7894 7000 
 Richard Salmond   Cantor Fitzgerald     Tel: +44 (0) 20 
                    Europe                7894 7000 
 Isabel de         St Brides Partners    Tel: +44 (0) 20 
  Salis             Limited               7236 1177 
 Olivia Vita       St Brides Partners    Tel: +44 (0) 20 
                    Limited               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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 16, 2018 02:00 ET (07:00 GMT)

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