28th Aug 2015 12:45
Plutus PowerGen Plc / Ticker: PPG / Index: AIM
28 August 2015
Plutus PowerGen plc ('PPG' or 'the Company')
Posting of Annual Report and Accounts
Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, is pleased to announce that the annual report and accounts for the year ended 30 April 2015 are available for download from the Company's website: www.plutuspowergen.com. Copies of the accounts are expected to be posted to shareholders in the week commencing 07 September 2015.
**ENDS**
For further information, please visit www.plutuspowergen.com, or contact:
Charles Tatnell | Plutus PowerGen Plc | Tel: +44 (0) 20 8720 6562 |
Phil Stephens | Plutus PowerGen Plc | Tel: +44 (0) 20 8720 6562 |
Ewan Leggat | SP Angel Corporate Finance LLP | Tel: +44 (0) 20 3470 0470 |
Katy Birkin | SP Angel Corporate Finance LLP | Tel: +44 (0) 20 3470 0470 |
Felicity Winkles | St Brides Partners | Tel: +44 (0) 20 7236 1177 |
Elisabeth Cowell | St Brides Partners | Tel: +44 (0) 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 as a result of 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 over the next three years and currently has a project pipeline of potential development sites with 500MW 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.
Related Shares:
PPG.L