REG - Coro Energy PLC - Second 100MW WESC Application Submission

Coro EnergyAnnouncement

11/03/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240311:nRSK2223Ga&default-theme=true

RNS Number : 2223G  Coro Energy PLC  11 March 2024

11 March 2024

 

Coro Energy Plc

("Coro" or the "Company")

 

Second Philippines 100MW WESC Application Submission

 

Coro Energy PLC, the South East Asian energy company with a natural gas and
clean energy portfolio, announces that it has submitted an application to the
Philippines Department of Energy ("DoE") for a second c.100MW Wind Energy
Service Contract ("WESC").

 

Following a successful pre-application process, Coro has now submitted a
second application for a WESC for its next wind turbine project, located in
Oslob, Cebu. This second area of interest neighbours the Company's first
project site and would be in respect of an additional installed capacity of
circa 100MW. The recently installed and operational 130 metre meteorological
mast installed by the Company in the Philippines will also serve this second
project, gathering data over the next twelve months and determining the wind
resource available.

 

Further updates will be provided, as appropriate, once DoE has evaluated the
application.

 

For further information please contact:

 

 Coro Energy plc                                          Via Vigo Consulting Ltd

 James Parsons, Executive Chairman

 Cavendish Capital Markets Limited (Nominated Adviser)    Tel: 44 (0)20 7220 0500

 Adrian Hadden

 Ben Jeynes

 Hybridan LLP (Nominated Broker)                            Tel: 44 (0)20 3764 2341

 Claire Louise Noyce

 Gneiss Energy Limited (Financial Advisor)                  Tel: 44 (0)20 3983 9263

 Jon Fitzpatrick

 Doug Rycroft

 Vigo Consulting (IR/PR Advisor)                          Tel: 44 (0)20 7390 0230

 Patrick d'Ancona

 Finlay Thomson

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation 596/2014 which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended and supplemented from time to
time. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDEVLFBZXLEBBD