5th Oct 2022 14:39
Mast Energy Developments PLC - London-based developer of reserve power generations plants - Completes the sale and purchase agreements to buy ARL 018 Ltd and ADV 001 Ltd, whose principal assets are two reserve power projects. Says the total purchase price amounts to GBP350,000.
Says the addition of the projects will significantly boost MED's Reserve Power portfolio by 54% taking total generation output capacity to 28.3 megawatts.
MED Chief Executive Officer Pieter Krugel says: "We are delighted with the latest acquisitions that bolster MED's growing portfolio of projects and to keep delivering on its main strategy to build a portfolio of 300 megawatts of reserve power projects."
Current stock price: 3.50 pence
12-month change: down 71%
By Xindi Wei; [email protected]
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