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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Simec Atlantis Energy Limited | LSE:SAE | 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% | 0.85 | 0.80 | 0.90 | 0.85 | 0.85 | 0.85 | 267,124 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Steam,gas,hydraulic Turbines | 7.4M | -9.65M | -0.0133 | -0.64 | 6.14M |
TIDMSAE
RNS Number : 3777T
SIMEC Atlantis Energy Limited
24 March 2021
24(th) March 2021
SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")
Planning update
Further to the planning update announcement on 3 February 2021, SAE notes the decision today by the Welsh Government to "call in" the Group's planning application (f or determination by the Welsh Government rather than the local planning authority, Newport City Council ) . SAE will work closely with Welsh Government to understand the next steps.
Planning permission is sought for the construction of new silos, conveyors, and rail upgrade for handling the new fuel external to the existing Uskmouth power station and not for the conversion of the power station itself. Before being called in, the planning officer for Newport City Council had recommended approval of planning permission, subject to certain conditions.
The Uskmouth Project contributes to the delivery of sustainable development by reusing existing resources and the reduction in waste to landfill, while also creating jobs and bringing investment to the region.
SAE will provide a further update to the market if this decision impacts the expected Project delivery timeline.
For more information please contact:
+44 (0) 7739 832 SIMEC Atlantis Energy Limited 446 Sean Parsons, Director of External Affairs ---------------------- Investec Bank PLC - NOMAD +44 (0) 20 7597 and Joint Broker 5970 ---------------------- Jeremy Ellis Sara Hale Ben Griffiths ---------------------- Arden Partners PLC - Joint Broker +44 (0) 20 7614 5900 ---------------------- Ruari McGirr Richard Johnson Simon Johnson ----------------------
Notes to Editors
SIMEC Atlantis Energy
Atlantis is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development. This includes a 77 per cent. stake in the world's largest tidal stream power project, MeyGen, 100 per cent. of the 220MW Uskmouth Power Station conversion project and 100 per cent. of Green Highland Renewables, a leading developer of mini-hydro projects.
https://www.simecatlantis.com/
More on the MeyGen Project: https://simecatlantis.com/projects/meygen/
More on the Uskmouth Project: https://simecatlantis.com/project-development-operation/simec-uskmouth-power/
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March 24, 2021 10:14 ET (14:14 GMT)
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