Helius Energy Plc Accreditation and Opening of Rothes Plant (7356C)
19 April 2013 - 8:00AM
UK Regulatory
TIDMHEGY
RNS Number : 7356C
Helius Energy Plc
19 April 2013
19 April 2013
Helius Energy plc
Accreditation and Opening of Rothes Plant
Helius Energy plc ("Helius") announces that the Helius CoRDe Ltd
("CoRDe") biomass energy plant in Rothes, Speyside, Scotland, has
been formally accredited to receive Renewables Obligation
Certificates (ROCs) under the Renewables Obligation ("RO")
legislation.
The plant, which was officially opened on Tuesday 16(th) April
by HRH The Prince of Wales, known in Scotland as The Duke of
Rothesay, will be accredited as a combined heat and power ("CHP")
plant under RO legislation.
The Helius CoRDe plant uses by-products from nearby malt whisky
distilleries to produce renewable energy and animal feed protein
supplement (Pot Ale Syrup).
The project, which includes an 8.32 MW(e) power plant and a
66.5t/h pot ale evaporator plant, is owned and operated by the
joint venture of Helius Energy Plc, Rabo Project Equity BV, and the
Combination of Rothes Distillers Limited (CoRD). It will generate
enough electricity to power 9,000 homes and will save around 46,000
tonnes per year of CO(2) compared to a similarly sized coal-fired
facility. A further reduction of 18,000 tonnes of CO(2) per year
will be achieved by closing the existing gas fired CoRD facility
located at the same site.
Construction of the project began in 2011 and has had a total
development and construction cost of GBP60.5m.
Adrian Bowles, Helius CEO, said: "I am delighted that the Helius
CoRDe plant at Rothes has achieved ROC accreditation to coincide
with its opening by HRH The Prince of Wales. This is renewable
energy in action using innovative technology to provide enough
power for 9,000 homes and produce animal feed using by-products
from local whisky distilleries. Projects like these will
increasingly form part of the UK energy mix."
For more information please contact:
Helius Energy plc Tel: +44 (0) 20 7723 6272
Adrian Bowles, Chief Executive Officer
Alan Lyons, Chief Financial Officer
Numis Securities Limited Tel: +44 (0) 20 7260 1000
Richard Thomas, Jamie Lillywhite (as Nominated
Adviser)
James Black (as Corporate Broker)
Kreab Gavin Anderson Tel: +44 (0) 20 7074 1800
Chris Philipsborn
Anna Schoeffler
Notes to Editors
About Helius Energy plc
Helius was established to indentify, develop, own and operate
biomass fired renewable electricity generation plants. These will
help meet the growing need for reliable power from renewable
sources.
Helius possesses a significant combination of knowledge of
renewable energy markets, biomass energy technologies, biomass fuel
sources, project development, implementation and operation of power
generation plants.
Helius is also developing a 100MWe project at Avonmouth and
bringing forward a similar scale scheme in Southampton. Further
sites are in negotiation.
About The Combination of Rothes Distillers Limited
CoRD has been processing by-products from the Speyside whisky
industry for over 100 years. It was set up as a joint venture in
1904 to serve the five distilleries then operating in Rothes and,
in its early days, specialised in the drying and processing of
surplus distillery pot ale into fertiliser cake.
In 1970 CoRD opened its first joint processing plant and handled
two key co-products of distilling, draff and pot ale, to produce a
finished nutritional animal feeds product - Distillers Dark Grains.
In 1974, a second processing plant was added and today CoRD
processes by-products from up to 16 Speyside distilleries owned by
its shareholders: The Edrington Group, Chivas Brothers, Glen Grant
Distillers, Inver House Distillers, Diageo Distilling, Ben Riach
Distillers and John Dewar & Sons.
About Helius CoRDe Limited
Helius CoRDe is a Joint Venture created by Helius and the
Combination of Rothes Distillers (CoRD) to develop, build, own and
operate a biomass combined heat and power plant at Rothes in
Speyside, Morayshire, Scotland. Rabo Project Equity BV joined the
joint venture in April 2011. Helius owns 50% plus one share of
Helius CoRDe, with Rabo Project Equity holding 44.7% (minus one
share) and CoRD owning 5.3%.
This information is provided by RNS
The company news service from the London Stock Exchange
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