React Energy PLC Clay Cross Biomass Limited planning application (5360U)
April 07 2016 - 9:01AM
UK Regulatory
TIDMREAC
RNS Number : 5360U
React Energy PLC
07 April 2016
7 April 2016
REACT Energy plc
("REACT" or the "Company")
Clay Cross Biomass Limited planning application
The Company is aware of the publication of a report by the
Strategic Director - Economy, Transport and Communities to the
Regulatory Planning Committee (the "Committee") of Derbyshire
County Council in relation to the construction and operation of an
energy recovery facility at Clay Cross in Derbyshire by Clay Cross
Biomass Limited, a subsidiary company of REACT (the "Report"). The
purpose of the Report is to enable the Committee to determine the
planning application at its next meeting on 11 April 2016.
Whilst the Report recommends that, subject to certain
conditions, planning permission would be granted, there is no
guarantee that the Committee will adopt this recommendation.
Further, in the event that the recommendation is adopted by the
Committee, there are a number of conditions precedent to the
development of Clay Cross, including, inter alia, the raising of
the necessary finance by the Company to fund development.
The decision to grant the planning permission or not, subject to
the fulfillment of the conditions set out in the Report, is
expected to be decided by the Committee at its meeting on 11 April
2016.
Further announcements will be made by the Company in due
course.
For further information:
REACT Energy plc
Gerry Madden / Brendan
Halpin +353 (0)21 2409 056
Strand Hanson Limited
- Nomad & Broker
James Harris / Richard
Tulloch / Ritchie Balmer +44 (0)20 7409 3494
About REACT:
REACT Energy plc is committed to operating clean electricity and
heat generation plants in the UK and Ireland. The Company seeks to
identify, build, own and operate renewable projects and possesses
significant knowledge of energy markets, clean technologies, fuel
sources, project development, project finance and project delivery.
REACT currently has four operational clean energy plants generating
revenue from the sale of electricity and heat. The generation of
clean electricity and heat from sustainable sources has the
potential to address the key energy challenges of energy security
and carbon commitment and provide strong returns on capital
employed.
The Company is quoted on AIM and trades as REAC. Further
information on the Company can be found at
www.reactenergyplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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