TIDMPPG

RNS Number : 0815L

Plutus PowerGen PLC

03 September 2019

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

3 September 2019

PLUTUS POWERGEN PLC

("Plutus", the "Group" or the "Company")

Update re Application for Planning Permission for Double Gas-Powered Generation Site ("peakers") in the South West of England

Plutus PowerGen (AIM: PPG), the AIM quoted power company focused on the development and operation of flexible energy generation ("FlexGen") projects in the UK, announces that, earlier today, the application for planning permission for the development of a double gas-powered site in the South West of England was initially rejected on the grounds of perceived poor air quality.

The Board are disappointed by this initial rejection and are considering all options available to them, including, but not limited to, an appeal. The Board remains confident in its FlexGen strategy of bringing online further high margin gas operations and has a pipeline of other prospective peaker sites.

Further details on the planning application were announced by the Company on 16 April 2019.

**ENDS**

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

 
                                               +44 (0) 20 8720 
 Plutus PowerGen Plc                            6562 
 Charles Tatnall, Executive Chairman 
 
 Allenby Capital Limited (Nominated Adviser    +44 (0)20 3328 
  and Joint Broker)                             5656 
 Nick Athanas 
  James Hornigold 
 
 Turner Pope Investments (TPI) Limited         +44 (0)20 3621 
  (Joint Broker)                                4120 
 Andy Thacker 
 
 St Brides Partners Limited (Financial         +44 (0)20 7236 
  PR)                                           1177 
 Isabel de Salis

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END

UPDUOVURKKAKRAR

(END) Dow Jones Newswires

September 03, 2019 09:02 ET (13:02 GMT)

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