Helius Energy Plc Rothes Plant Handed Over for Commercial Operation (2721J)
15 Luglio 2013 - 8:00AM
UK Regulatory
TIDMHEGY
RNS Number : 2721J
Helius Energy Plc
15 July 2013
15(th) July 2013
Helius Energy plc
Rothes Biomass Energy Plant Handed Over for Commercial
Operation
Helius Energy plc ("Helius") announces that reliability and
performance trials at the Helius CoRDe Limited ("CoRDe") biomass
energy plant in Rothes, Speyside, Scotland have been successfully
completed and the plant has now been handed over to CoRDe for
commercial operation.
The CoRDe plant uses by-products from nearby malt whisky
distilleries to produce renewable energy and liquid animal feed
product (Pot Ale Syrup) and will be accredited as a combined heat
and power plant under Renewables Obligation legislation.
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
CoRDe joint venture between 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. During performance trials
the plant successfully achieved gross power output of 8.4MWe and
achieved the net design throughput of 73.2t/h of pot ale through
the evaporator plant.
The project will generate revenues from index-linked gate fees
received for the processing of distillery residues, the sale of
electricity and associated ROC sales, and the sale of Spey Syrup
into the animal feed market. CoRDe will continue actively to
explore opportunities to increase the distillery residues processed
by the project.
Adrian Bowles, Helius CEO, said: "We are delighted to have
successfully completed the final testing and handover of the Rothes
plant. Completing it on time and within budget sends a very strong
message about Helius' ability to deliver biomass projects. The
facility has been producing renewable electricity since January
this year and will now enter full commercial operation as an
outstanding example of renewable energy production in action.
Having again demonstrated our ability to deliver projects, we
continue to focus on the financing of our Avonmouth project which
we are targeting to finalise later in the financial year."
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
Richard Thomas, Jamie Lillywhite (as Nominated Tel: +44 (0) 20 7260 1000
Adviser)
James Black (as Corporate Broker)
Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
Chris Gardner
Malcolm Robertson
Notes to Editors
About Helius Energy plc
Helius was established to identify, 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
CoRDe is a Joint Venture created by Helius and 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
END
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