Alkane Energy Buys 10MW Power Response Site From SSE
05 Febbraio 2014 - 4:02PM
Dow Jones News
LONDON--Alkane Energy PLC (ALK.LN) Wednesday announced the
acquisition of the Wheldale, West Yorkshire power response
facilities from SSE PLC (SSE.LN), for GBP1.5 million--an initial
payment of GBP1.1 million payable in cash, with a GBP0.4 million
deferred cash payment to be paid in October.
MAIN FACTS:
-Acquisition brings a 10MW site with a current installed engine
capacity of 7.5MW
-As part of the financial arrangements, Alkane increased its
banking facilities with Lloyds Bank PLC by GBP1 million; balance to
be funded from group cash flow.
-Shares at 1430 GMT up 3 pence or 5.7% at 47 pence valuing the
company at GBP55 million.
-Write to Ed Ballard at ed.ballard@wsj.com
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