Bordesley: Construction to Commence

RNS Number : 3794B

Mast Energy Developments PLC

10 June 2021

 

Mast Energy Developments PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

Share code on the LSE: MAST

ISIN: GB00BMBSCV12

("MED" or "the Company")

10 June 2021

Mast Energy Developments Plc ("MED" or "the Company")

Bordesley Progress Update: Construction Commences Ahead of Schedule

Mast Energy Developments Plc, the UK-based multi-asset operator in the rapidly growing Reserve Power market , is pleased to announce that its Bordesley project has now entered the construction phase of its development. (Also see RNS dated 20 May 2021)

The recent Bordesley site visit by Clarke Energy, the Company's EPC-contractor for the Bordesley project, completed their technical review of the technical information and documents relevant for the construction and commissioning of Bordesley. Based on the highly efficient INNIO Jenbacher engine, Clarke's EPC proposal now reflects the complete planning and environmental requirements of the Bordesley site and also incorporates the results of an optimisation review of the initial Clarke EPC-proposal. Based on this, MED and Clarke Energy have now officially advanced the Bordesley project into the construction phase of the Bordesley development program.  

MED CEO Paul Venter commented: "We are very pleased with the progress in the development of Bordesley. We are currently ahead of schedule in terms of the set development schedule for Bordesley and we hope to see this carry through in an earlier than planned commissioning date for Bordesley".

Further information on the Company, including the prospectus published in conjunction with Admission, can be found on the Company's website: www.med.energy

This announcement contains inside information for the purposes of the UK version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

ENDS

For further information please visit www.med.energy or contact:

Louis Coetzee	info@med .energy	Mast Energy Developments Plc	Non-Executive Chairman
Jonathan Critchley & Keith Swann	[phone]	Clear Capital Markets	Broker

 

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