Cancellation of Consultation Event due to COVID-19

RNS Number : 5321G

Infrastrata PLC

17 March 2020

 

InfraStrata plc

("InfraStrata" or the "Company")

Cancellation of Public Consultation Event due to COVID-19

InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects, announces that further to its announcement of 13^th February 2020 it has had to make changes to the event scheduled for tomorrow 18^th March 2020.  

The safety and wellbeing of the Islandmagee community, our contractors and our staff are of upmost importance to us.  Given the evolving COVID-19 situation, we have listened to the advice from government and have made the decision, in conjunction with DAERA, to cancel this planned consultation.  In the meantime, prior to the closure of the consultation on the 27^th March 2020 at 17.00hrs, members of the public who require any further information are welcome to contact the company directly on [e-mail] or DAERA on [e-mail] .

The consultation website has full details of the Project and can be accessed through the following link:

https://www.daera-ni.gov.uk/consultations/islandmagee-gas-storage-project-december-2019-consultation-ml-2812

For further information, please visit  www.infrastrataplc.com  or contact:

InfraStrata plc John Wood, Chief Executive	c/o Newgate Communications [phone]
Allenby Capital Limited (AIM Nominated Adviser & Joint Broker) Jeremy Porter / Liz Kirchner	[phone]
Arden Partners plc (Joint Broker) Paul Shackleton / Dan Gee-Summons (Corporate Finance) Simon Johnson (Corporate Broking)	[phone]
Newgate Communications (PR) Elisabeth Cowell/ Ian Silvera/Jamie Williams	[phone]

Notes to editors:

InfraStrata is a London Stock Exchange-quoted group focused on strategic infrastructure projects.

The rapid development of the 100% owned Islandmagee Gas Storage Project is a core workstream for InfraStrata. It is expected to provide 25% of the UK's natural gas storage capacity and to benefit the Northern Ireland economy as a whole when complete. Given that the Committee on Climate Change has advised that the UK will still need a significant quantity of natural gas by 2050 - about 70% of today's consumption - the market opportunity for this project is compelling.

The Company also owns and operates the assets of Harland & Wolff in Belfast, where it will undertake the fabrication work for the Islandmagee project, as well as establish secondary revenue streams through the provision of services to the energy, maritime and defence sectors should such opportunities arise in future.

Mindful of the fact that safe, secure and flexible sources of energy are needed for a sustainable future, InfraStrata is focused on providing investors with exposure to a growing portfolio of UK, European and international energy infrastructure projects. With this in mind, the Company's highly experienced team is focused on acquiring, developing and commercialising innovative infrastructure projects around the world. 

The Front-End Engineering & Design (FEED) and Insitu Downhole Testing programme for the Islandmagee Gas Storage Project is co-financed by the European Union's Connecting Europe Facility.

Disclaimer releasing the European Union from any liability in terms of the content of the dissemination materials:

"The sole responsibility of this publication lies with the author. The European Union is not responsible for any use that may be made of the information contained therein."

 

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