On May 15, 2013 Pacific Green Technologies Inc. (Ticker Symbol “PGTK”) entered into and closed an agreement to acquire Pacific Green Energy Parks Limited, the sole shareholder of Energy Park Sutton Bridge Limited (“EPSB”), a company incorporated in the UK.
EPSB has obtained planning permission to develop a 49 MWe biomass power plant on land located at Sutton Bridge, Lincolnshire, UK (the “Plant”) and holds the option to purchase the property on which the Plant will be built.
The entire Plant is currently anticipated to cost GBP165m (US$250m) and intends to use the ENVI-PureTM Emission Control System for removal of any hazardous gases and pollutants generated by the Plant. PGTK owns the marketing rights to the ENVI-PureTM Emission Control System.
EPSB Managing Director, Chris Williams said; “We are very pleased to be the first step within PGTK’s strategy to build a dedicated Biomass and Waste to Energy Power Plant Development Group”.
Pacific Green Technologies Inc.-“Where energy no longer needs to cost the earth”