12 October 2022
Coro Energy PLC
("Coro" or the "Company" and together with its subsidiaries the "Group")
Philippines Wind Project - Endorsement by Department of Energy
Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, announces the endorsement by the Philippines Department of Energy of Coro's Area of Interest ("AOI") for its first 100MW wind project.
The Company's proposed AOI for its onshore Oslob Wind Power Project in Oslob, Cebu, which covers a 4,617 hectare area, has now been authorised to proceed with the filing of a wind energy service contract application. This is a critical gateway to initiating the formal permitting process and enabling the installation of a metalogical mast for the further collection of wind data. The Company expects to file the application for a wind energy service contract, which reserves the AOI, to the Philippines Department of Energy prior to the end of November 2022.
Further announcements will be made, as appropriate.
For further information please contact:
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Coro Energy plc James Parsons, Executive Chairman Ewen Ainsworth, Chief Financial Officer |
Via Vigo Consulting Ltd |
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Cenkos Securities plc (Nominated Adviser) Ben Jeynes Katy Birkin |
Tel: 44 (0)20 7397 8900 |
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Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Charlie Neish |
Tel: 44 (0)20 7390 0230 |
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WH Ireland (Broker) Harry Ansell Katy Mitchell |
Tel: 44 (0)20 7220 1670 / 44 (0)113 946 618 |
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Gneiss Energy Limited (Financial Advisor) Jon Fitzpatrick Doug Rycroft |
Tel: 44 (0)20 3983 9263 |