Picture of SIMEC Atlantis Energy logo

SAE SIMEC Atlantis Energy News Story

0.000.00%
gb flag iconLast trade - 00:00
EnergyHighly SpeculativeMicro CapValue Trap

REG - SIMEC AtlantisEnergy - Uskmouth Planning Update




 



RNS Number : 5071Z
SIMEC Atlantis Energy Limited
24 May 2021
 

 

 

RNS

24 May 2021

SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")

Uskmouth Planning Update

 

Further to the announcement dated 24 March 2021, SAE submitted a "Statement of Case" (SOC) to the Planning Inspectorate on 21 May 2021. The SOC is a routine part of the 'call in' process and addresses the matters raised in the 'call in' decision letter.

The Newport City Council (NCC) planning case officer previously recommended approval of planning permission for the Uskmouth Conversion Project.  The SOC refers to the content of the planning officer's report highlighting the following conclusion: 

•              "Planning permission is NOT sought for the conversion itself as a change in the fuel source from coal to waste derived pellets does not require planning permission and there is no change of use of the existing power station as its primary purpose would be thermal combustion to generate electricity."

Additionally, the SOC confirms the following key points:

·      The Uskmouth Power Station in planning terms remains an existing thermal combustion electricity generating station.

·      The fuel pellets are specially engineered and manufactured to enable operations to continue at the Uskmouth power station for the primary purpose of generating electricity. There is no direct link between the operation of Uskmouth Power Station and the management of mixed municipal and residual wastes.

·      From a technical planning perspective there were no objections from statutory consultees to prevent the proposals to bring the electricity generating power station back into operation.

The next step in the 'call in' process is for the Planning Inspectorate to conduct a review of the environmental statement for the Uskmouth Conversion Project and SAE is looking forward to feedback in due course.

 

For more information please contact:

SIMEC Atlantis Energy Limited

+44 (0) 7739 832 446

Sean Parsons, Director of External Affairs

 

Investec Bank PLC - NOMAD and Joint Broker

+44 (0) 20 7597 5970

Jeremy Ellis

Sara Hale

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/

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 or visit 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.
 
END
 
 
UPDFLFLFEFIFFIL

Recent news on SIMEC Atlantis Energy

See all news