Plutus PowerGen Secures Connection Offers for 140 MW

Secures Connection Offers for 140 MW at Sites in the South of England

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, has announced that its wholly owned subsidiary, Plutus Energy Ltd, has secured offers to connect to the National Grid at locations in the south of England with a combined capacity of 140MW.

This achievement is in line with PPG’s strategy to develop 200MW of flexible stand-by power generation sites over the next three years. Each project is envisaged to be comprised of 20MW and funded through individual SPVs. The Company will now begin securing planning at the sites. These connections are separate and additional to the grid connection requests made by London & Devonshire Trust on land capable of supporting 140MW, detailed in the announcement dated 3 December 2014.

PPG CEO Phil Stephens said, “This represents another significant step towards developing our first operational sites and has been achieved on the back of our continued close working relationships with landlords in our target regions.

“We can now begin the considered process of securing planning on these sites ahead of the next Capacity Market tender round in 2015.”

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