Plutus PowerGen PLC New Corporate Website
February 23 2017 - 2:02AM
RNS Non-Regulatory
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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