Plutus PowerGen Plc / Ticker: PPG / Index: AIM

9 November 2016

Plutus PowerGen plc ('PPG' or 'the Company')

First Power Sales from 20MW Plymouth Site

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible power projects in the UK, is pleased to confirm that it operated its Plymouth site in support of the national grid for the first time on 8 November 2016. 

The current tight supply margin in the UK energy market has demonstrated the need for flexible generators such as PPG, which has developed projects that can generate power for short periods of time and at short notice, to meet market demand and fluctuations.  It is anticipated that the plant will continue to operate intermittently while the market continues to suffer tight supply margins this week.

PPG CEO Phil Stephens said, "We are already generating revenues since commissioning the first site last week.  With a cold winter ahead, it is anticipated that the UK energy dynamic will become increasingly strained and PPG is now, and will continue to be, well positioned to contribute to meeting any forthcoming demand with a consistent source of power.  I look forward to providing updates on the rest of our portfolio and the impact this has on our business."

**ENDS**

For further information, please visit www.plutuspowergen.com, or contact:

Notes to Editors

Plutus PowerGen plc is an AIM listed company focused on the development, construction and operation of flexible stand-by power generation sites in the UK.  At present, the market dynamics for flexible power generation are positive as a result of the continued downward pressure on capacity available to National Grid to balance supply and demand, leading to their announcements about possible power shortages over the next few years.

Flexible Power generators such as PPG offer a viable and timely solution to the power capacity shortfall in the UK.  To this end, PPG is initially focusing on delivering 200MW of capacity by the end of 2017 and currently has a project pipeline of potential development sites with 700MW of power generation capacity.

PPG has a straightforward multi-revenue stream model with large and stable counter-parties and is using project/EIS funding through SPVs to finance construction of the generation assets. This structure has the benefit of limiting dilution to plc shareholders as the assets are financed and built.