Helius Energy Plc Accreditation and Opening of Rothes Plant (7356C)

TIDMHEGY

RNS Number : 7356C

Helius Energy Plc

19 April 2013

Helius Energy plc

Accreditation and Opening of Rothes Plant

Helius Energy plc ("Helius") announces that the Helius CoRDe Ltd ("CoRDe") biomass energy plant in Rothes, Speyside, Scotland, has been formally accredited to receive Renewables Obligation Certificates (ROCs) under the Renewables Obligation ("RO") legislation.

The plant, which was officially opened on Tuesday 16(th) April by HRH The Prince of Wales, known in Scotland as The Duke of Rothesay, will be accredited as a combined heat and power ("CHP") plant under RO legislation.

The Helius CoRDe plant uses by-products from nearby malt whisky distilleries to produce renewable energy and animal feed protein supplement (Pot Ale Syrup).

The project, which includes an 8.32 MW(e) power plant and a 66.5t/h pot ale evaporator plant, is owned and operated by the joint venture of Helius Energy Plc, Rabo Project Equity BV, and the Combination of Rothes Distillers Limited (CoRD). It will generate enough electricity to power 9,000 homes and will save around 46,000 tonnes per year of CO(2) compared to a similarly sized coal-fired facility. A further reduction of 18,000 tonnes of CO(2) per year will be achieved by closing the existing gas fired CoRD facility located at the same site.

Construction of the project began in 2011 and has had a total development and construction cost of GBP60.5m.

Adrian Bowles, Helius CEO, said: "I am delighted that the Helius CoRDe plant at Rothes has achieved ROC accreditation to coincide with its opening by HRH The Prince of Wales. This is renewable energy in action using innovative technology to provide enough power for 9,000 homes and produce animal feed using by-products from local whisky distilleries. Projects like these will increasingly form part of the UK energy mix."

For more information please contact:

 
Helius Energy plc                                Tel: +44 (0) 20 7723 6272 
 Adrian Bowles, Chief Executive Officer 
 Alan Lyons, Chief Financial Officer 
 
 Numis Securities Limited                         Tel: +44 (0) 20 7260 1000 
 Richard Thomas, Jamie Lillywhite (as Nominated 
 Adviser) 
 James Black (as Corporate Broker) 
 
Kreab Gavin Anderson                             Tel: +44 (0) 20 7074 1800 
 Chris Philipsborn 
 Anna Schoeffler

Notes to Editors

About Helius Energy plc

Helius was established to indentify, develop, own and operate biomass fired renewable electricity generation plants. These will help meet the growing need for reliable power from renewable sources.

Helius possesses a significant combination of knowledge of renewable energy markets, biomass energy technologies, biomass fuel sources, project development, implementation and operation of power generation plants.

Helius is also developing a 100MWe project at Avonmouth and bringing forward a similar scale scheme in Southampton. Further sites are in negotiation.

About The Combination of Rothes Distillers Limited

CoRD has been processing by-products from the Speyside whisky industry for over 100 years. It was set up as a joint venture in 1904 to serve the five distilleries then operating in Rothes and, in its early days, specialised in the drying and processing of surplus distillery pot ale into fertiliser cake.

In 1970 CoRD opened its first joint processing plant and handled two key co-products of distilling, draff and pot ale, to produce a finished nutritional animal feeds product - Distillers Dark Grains. In 1974, a second processing plant was added and today CoRD processes by-products from up to 16 Speyside distilleries owned by its shareholders: The Edrington Group, Chivas Brothers, Glen Grant Distillers, Inver House Distillers, Diageo Distilling, Ben Riach Distillers and John Dewar & Sons.

About Helius CoRDe Limited

Helius CoRDe is a Joint Venture created by Helius and the Combination of Rothes Distillers (CoRD) to develop, build, own and operate a biomass combined heat and power plant at Rothes in Speyside, Morayshire, Scotland. Rabo Project Equity BV joined the joint venture in April 2011. Helius owns 50% plus one share of Helius CoRDe, with Rabo Project Equity holding 44.7% (minus one share) and CoRD owning 5.3%.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGGUGPCUPWGRR

Helius Eng (LSE:HEGY)
過去株価チャート
から 5 2024 まで 6 2024