IPS - IPSA - Start-up of the Newcastle Cogeneration Plant
IPS
IPSA
IPS - IPSA - Start-up of the Newcastle Cogeneration Plant
IPSA GROUP PLC
(Incorporated and registered in England and Wales)
(Registration Number 5496202)
AIM Share Code IPSA ISIN GB00BOCJ3F01
JSE Share Code IPS ISIN GB00BOCJ3F01
("IPSA" or "the company")
Start-up of the Newcastle Cogeneration Plant
IPSA PLC (AIM:IPSA), the developer, owner and operator of power generation
capacity in Southern Africa, announces that it has successfully re-commenced
operations at its cogeneration plant at Newcastle KwaZuluNatal, South Africa.
The plant is now supplying electricity to Eskom under the medium term power
purchase agreement dated 26th August 2010.
Restarting the Newcastle cogeneration plant followed final agreement on a gas
supply contract with Spring Lights Gas (Pty) Limited, as announced on 23
February 2011. A recent placing of IPSA shares provided the working capital
required to provide the required security under the Spring Lights gas contract.
London
24 March 2011
For further information contact:
Peter Earl, CEO, IPSA Group PLC +44 (0)20 7793 5615
John Llewellyn-Lloyd / Harry Stockdale, Execution Noble & Company Ltd +44
(0)20 7456 9191
Riaan van Heerden, PSG Capital (Pty) Ltd +27 (0)21 887 9602
Date: 24/03/2011 14:31:51 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
