16th Sep 2015 14:22
LONDON (Alliance News) - IPSA Group PLC Wednesday said that the installation of two Jenbacher gas engines as its Newcastle plant in South Africa has been delayed, and it now expects the engines to be ready to enter commercial operations by the year end.
IPSA, an independent power plant developer and operator in South Africa, had originally said the engines were planned to enter commercial operation in September.
The delay was as a result of delivery dates on some long lead items, IPSA said.
Shares in IPSA were untraded Wednesday afternoon. It last closed at 1.50 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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