React Energy PLC Planning permission granted for Clay Cross (9047U)
April 12 2016 - 4:20AM
UK Regulatory
TIDMREAC
RNS Number : 9047U
React Energy PLC
12 April 2016
12 April 2016
REACT Energy plc
("REACT" or the "Company")
Planning permission granted for Clay Cross Biomass Limited
REACT, the renewable energy developer and operator focusing on
the production of clean energy in the UK and Ireland, is pleased to
announce that, further to the Company's announcement on 7 April
2016, the Regulatory Planning Committee of Derbyshire County
Council (the "Committee") voted in favour on 11 April 2016 to
approve the construction and operation of an energy recovery
facility at Clay Cross in Derbyshire (the "Facility") by Clay Cross
Biomass Limited ("Clay Cross"), a company in which REACT has a 90%
interest, subject to finalising a Section 106 agreement pursuant to
the conditions set out in the report by the Strategic Director to
the Committee.
Clay Cross anticipates utilising EQTEC Integrated Biomass
Gasification Technology, the same technology that the Company is
installing at its Newry biomass gasification project in Northern
Ireland, to power the plant as part of a Engineer, Procure and
Construct ("EPC") contract for the construction of the Facility.
Once commissioned, the Facility is expected to convert
approximately 80,000 tonnes per annum of construction and
demolition (C&D) waste wood which is currently sent to landfill
to generate up to 12MW of electrical energy, sufficient to provide
electricity for over 18,000 homes, and up to 14MW of thermal energy
per annum.
The Company is currently in discussions to secure finance for
the construction of the Facility and estimates that it will take
approximately 18 months from obtaining finance to the final
commissioning of the plant.
Further announcements in respect of the Facility will be made by
the Company as and when appropriate.
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
END
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