SIMEC Atlantis Energy Limited SAE Uskmouth permit update (3331O)
07 October 2021 - 5:00PM
UK Regulatory
TIDMSAE
RNS Number : 3331O
SIMEC Atlantis Energy Limited
07 October 2021
RNS
7 October 2021
SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the
"Group")
SAE Uskmouth permit update
SAE has been advised that the Welsh Government will now itself
decide on the permit variation application for the conversion of
the Uskmouth power station and has blocked the independent Natural
Resources Wales (NRW) from making a determination.
NRW, which was leading the determination, had previously
indicated that it was minded to award the variation to the existing
permit, subject to conditions after a further round of public
consultation, initially scheduled for September. Following a
reported internal legal review of this decision by NRW, SAE has
been notified that NRW have been directed to refer the application
to the Welsh Government. This direction has been left to the very
end of the NRW process and follows over a year of detailed
information sharing between SAE and NRW, which included experts
from across Wales, the UK, Europe, and Japan feeding in to
demonstrate how the conversion meets all requirements set out by
the relevant legislation.
This further delay is a blow to South Wales and this vital green
energy project at a time when the country is facing an energy
crisis with intermittent renewables and a dependency on imported
gas causing unsustainable price rises for homes and industries
across the UK. The Welsh Government is putting at risk a project
that will produce negative emissions, create hundreds of jobs in
the Newport region, deliver hundreds of millions of pounds in
investment and deliver the critical decarbonisation that industries
in the region including steel and data centres require to make them
sustainable.
The conversion will be powered by fuel pellets that are derived
from non-recyclable waste, destined for landfills and the oceans. A
delay to this project will not reduce the production of this waste
but instead result in the continued shipping of plastic waste to
other countries for it to be burned or the digging of deeper holes
in which it will be buried.
SAE is a proud developer of innovative renewable projects and
believes that transitional technologies like Uskmouth are key to
achieving a successful journey to net zero. The power station is
already built and permitted to burn coal, which it could continue
to be doing today. SAE is seeking a variation to this permit to
switch to a sustainable fuel source with significantly lower carbon
emissions, and will utilise carbon capture and usage to sit
alongside it to deliver negative emission electricity
generation.
SAE will consider all available legal options and will seek to
ensure that the Welsh Government understands how critical this
project is to South Wales, Newport, to key industries and the
hundreds of employees whose jobs are at risk.
SAE and its project partners are convinced that the conversion
of coal fired power stations to run on fuel pellets will play a
significant global role in the journey to decarbonise and provide
an attractive option for the tens of thousands of operating and in
construction coal fired power stations around the world. SAE is
already in discussions, alongside its project partners, to find
further locations to deploy the technology and fuel.
For more information please contact:
+44 (0) 7739 832
SIMEC Atlantis Energy Limited 446
Sean Parsons, Director of
External Affairs
----------------------
Investec Bank PLC - NOMAD +44 (0) 20 7597
and Joint Broker 5970
----------------------
Jeremy Ellis
Ben Griffiths
----------------------
Arden Partners PLC - Joint
Broker +44 (0) 20 7614 5900
----------------------
Ruari McGirr
Richard Johnson
Simon Johnson
----------------------
Notes to Editors
SIMEC Atlantis Energy
SAE is a global developer, owner and operator of sustainable
energy projects with a diverse portfolio in various stages of
development. This includes a 77 per cent. stake in the world's
largest tidal stream power project, MeyGen, 100 per cent. of the
220MW Uskmouth Power Station conversion project and 100 per cent.
of Green Highland Renewables, a leading developer of mini-hydro
projects.
https://www.simecatlantis.com/
More on the MeyGen Project:
https://simecatlantis.com/projects/meygen/
More on the Uskmouth Project:
https://simecatlantis.com/project-development-operation/simec-uskmouth-power/
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