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Completion of sale of interest in Pro 2

5th Mar 2009 07:00

RNS Number : 3389O
Alkane Energy PLC
05 March 2009
 



For immediate release

5 March 2009

Alkane Energy plc

("Alkane" or "the Company")

Completion of sale of interest in Pro 2

Alkane Energy plc (AIM: ALK) the profitable energy company that operates environmentally friendly power generation plants today announces the completion of the sale of its 38% interest in Pro2 and the early repayment of its shareholder loan.

Including a €2.0million working capital loan that was repaid in January, Alkane's total receipts will be €7.56million, of which €1.68million is outstanding in respect of escrow account repayments and loan installments.

For further information please contact:

Alkane Energy plc

01623 827927

Steve Goalby, Finance Director

Brewin Dolphin 

0845 270 8610

Andrew Emmott

Buchanan Communications

020 7466 5000

Ben Willey

Miranda Higham

Notes to the Editors

Alkane Energy plc is a clean-tech energy company based in the UK. The strategy of the business is to develop gas to power generation assets utilising damaging greenhouse gas emissions from abandoned coal mines and in doing so reduce their climate change impact.

Alkane currently operates seven plants in the UK, with an additional one in Germany The Company has a total output capacity equivalent to about 20MW.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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