11 March 2024
Coro Energy Plc
("Coro" or the "Company")
Second Philippines 100MW WESC Application Submission
Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, announces that it has submitted an application to the Philippines Department of Energy ("DoE") for a second c.100MW Wind Energy Service Contract ("WESC").
Following a successful pre-application process, Coro has now submitted a second application for a WESC for its next wind turbine project, located in Oslob, Cebu. This second area of interest neighbours the Company's first project site and would be in respect of an additional installed capacity of circa 100MW. The recently installed and operational 130 metre meteorological mast installed by the Company in the Philippines will also serve this second project, gathering data over the next twelve months and determining the wind resource available.
Further updates will be provided, as appropriate, once DoE has evaluated the application.
For further information please contact:
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Coro Energy plc James Parsons, Executive Chairman |
Via Vigo Consulting Ltd |
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Cavendish Capital Markets Limited (Nominated Adviser) Adrian Hadden Ben Jeynes |
Tel: 44 (0)20 7220 0500 |
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Hybridan LLP (Nominated Broker) Claire Louise Noyce |
Tel: 44 (0)20 3764 2341 |
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Gneiss Energy Limited (Financial Advisor) Jon Fitzpatrick Doug Rycroft |
Tel: 44 (0)20 3983 9263 |
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Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Finlay Thomson |
Tel: 44 (0)20 7390 0230 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time. Upon the publication of this announcement, this inside information is now considered to be in the public domain.