REG - Coro Energy PLC - Successful Second Philippines WESC Award

Coro EnergyAnnouncement

07/05/2024 07:15

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RNS Number : 3341N  Coro Energy PLC  07 May 2024

7 May 2024

 

Coro Energy Plc

("Coro" or the "Company")

 

Successful Second Philippines WESC Award

 

Coro Energy PLC, the South East Asian energy company with a natural gas and
clean energy portfolio, announces that its application for a Wind Energy
Service Contract ("WESC") in respect of a second area of interest for the
onshore Oslob Wind Power Project, previously announced by the Company on 11
March 2024, has now been approved by the Philippines Department of Energy.

 

This WESC is Coro's second contract and 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 in gathering data and determining the wind resource available.

 

 For further information please contact:

 Coro Energy plc                                          Via Vigo Consulting Ltd

 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.

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