ALK Alkemy Capital Investments Plc

 

TIDMALK 
 
RNS Number : 7310B 
Alkane Energy PLC 
02 November 2009 
 

 
 
2 November 2009 
Alkane Energy plc 
('Alkane' or 'the Group') 
 
 
Alkane Signs Tolling Contract with GDF SUEZ 
 
 
Alkane Energy plc (AIM: ALK), the profitable alternative energy company which 
owns and operates environmentally friendly power generation plants using coal 
mine methane (CMM) as fuel, is pleased to announce a 12 month tolling contract 
with energy supply company GDF SUEZ Energy UK. 
 
Under the tolling contract Alkane will assign 7MW of excess capacity to GDF 
SUEZ, provided by its sites at Markham and Shirebrook. The agreement will 
generate revenues for Alkane of approximately GBP300,000. 
 
Tolling is a method of maximising the economic value of these two sites by 
utilising the Group's excess grid and engine capacity. Under the tolling 
contract, Alkane will effectively rent the capacity to GDF SUEZ in return for a 
standard fee.  Using natural gas as the fuel, GDF SUEZ will determine the engine 
running regime and be responsible for the running costs of the production. 
 
In addition Alkane has entered into a 12 month sales agreement with GDF SUEZ for 
output of circa 2MW from our CMM reserves at Shirebrook. 
 
 
Commenting on the contract, Neil O'Brien, Chief Executive of Alkane Energy said: 
 
"We are very pleased to be working with GDF SUEZ and look forward to developing 
a long term relationship. We remain committed to further enhancing the potential 
of our assets and will continue to evaluate other opportunities to further 
improve the quality of our earnings." 
 
Enquiries: 
 
 
+--------------------------------+----------------------------+ 
| Alkane Energy plc              | Tel: 01623 827927          | 
| Neil O'Brien, CEO              |                            | 
| Steve Goalby, Finance Director |                            | 
|                                |                            | 
+--------------------------------+----------------------------+ 
| Hudson Sandler                 | Tel: 020 7796 4133         | 
| Nick Lyon / Kate Hough         |                            | 
|                                |                            | 
+--------------------------------+----------------------------+ 
| Altium                         | Tel: 0161 831 9133         | 
| Corporate Finance - Adrian     | Tel: 020 7484 4079         | 
| Reed Corporate Broking - Chloe |                            | 
| Ponsonby                       |                            | 
+--------------------------------+----------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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