Atlantis Resources Limited MeyGen Update
06 December 2016 - 8:13PM
RNS Non-Regulatory
TIDMARL
Atlantis Resources Limited
06 December 2016
6 December 2016
Atlantis Resources Limited
("Atlantis" or the "Company")
MeyGen Update - Full Power Generation from Turbine #1
Atlantis, a global leader in the tidal power sector, is
delighted to announce another significant milestone with the first
installed Andritz Hydro Hammerfest turbine (TTG#1) now operating at
full power. Each MeyGen turbine is capable of generating 1.5
megawatts of power when the water speed reaches just over 3.0
meters per second, or around six knots of flow. Operation at full
power is significant as it allows for validation of the power curve
models which underpin the financial assumptions of the project.
This is yet another significant de-risking event for the
industry.
MeyGen Project Director, David Taaffe, commented:
"It is extremely satisfying to see all of the meticulous
planning and preparation come to life and be validated in the
field. Andritz has done a wonderful job in commissioning this
system, drawing on many years of operational experience. This will
be one of many milestones to come as we now build on this
successful start and continue to roll out the world's largest tidal
power array. It is an important day for my entire team and all of
our contractors."
Atlantis looks forward to updating the market in due course on
project progress.
Enquiries:
Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive
Officer
Simon Counsell, Chief Financial
Officer
+44 (0)20 3727
FTI Consulting 1000
Ben Brewerton
Alex Beagley
James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 06, 2016 04:13 ET (09:13 GMT)
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