StockMarketWire.com - Simec Atlantis Energy said its Uskmouth power station conversion project in Newport, South Wales was due to commence operations by 2021.

The former coal-fired power plant was being converted into a 220MW baseload power plant that would use fuel pellets derived from waste.

Front end engineering design tests and studies had been successfully completed by partners WSP, RJM and SSF.

A stable flame had been achieved in medium-scale testing, proving the stable combustion of 100% waste derived fuel pellets.

The results correlated to the computational fluid dynamics model and confirmed a stable self-sustaining flame with combustion performance within expected parameters.

A contract tender had been issued for the design, supply, installation and commissioning of the full combustion system, including large-scale combustion testing.

An industrial-scale fuel production run and milling test would take place in the second half of 2019, by which time a contract for a combustion system would also have been awarded.

The appointment of financial advisers was expected in the third quarter 2019 to advise on the financial close of the conversion project, which had an estimated capital cost of around £185m.

A full contract tender for the remaining conversion works was to be issued in the first quarter of 2020.


At 8:11am: [LON:SAE] Simec Atlantis Energy Limited Ord Npv Di share price was 0p at 14.75p



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