Wind Project - Endorsement by Department of Energy

RNS Number : 5568C

Coro Energy PLC

12 October 2022

 

12 October 2022

Coro Energy PLC

("Coro" or the "Company" and together with its subsidiaries the "Group")

Philippines Wind Project - Endorsement by Department of Energy

Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, announces the endorsement by the Philippines Department of Energy of Coro's Area of Interest ("AOI") for its first 100MW wind project.

The Company's proposed AOI for its onshore Oslob Wind Power Project in Oslob, Cebu, which covers a 4,617 hectare area, has now been authorised to proceed with the filing of a wind energy service contract application. This is a critical gateway to initiating the formal permitting process and enabling the installation of a metalogical mast for the further collection of wind data. The Company expects to file the application for a wind energy service contract, which reserves the AOI, to the Philippines Department of Energy prior to the end of November 2022.

Further announcements will be made, as appropriate.

  For further information please contact:

Coro Energy plc James Parsons, Executive Chairman Ewen Ainsworth, Chief Financial Officer	Via Vigo Consulting Ltd
Cenkos Securities plc (Nominated Adviser) Ben Jeynes Katy Birkin	Tel: [phone]
Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Charlie Neish	Tel: [phone]
WH Ireland (Broker) Harry Ansell Katy Mitchell	Tel: [phone]
Gneiss Energy Limited (Financial Advisor) Jon Fitzpatrick Doug Rycroft	Tel: [phone]

 

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