BION Bion Plc

TIDMGSH

RNS Number : 1686S

Green & Smart Holdings plc

19 December 2016

19 December 2016

Green & Smart Holdings plc

("GSH" or "the Group")

Green & Smart becomes Independent Power Producer as Kahang Biogas Plant Exports Power to Malaysia's National Grid

Further to the announcement of 7 September 2016, Green & Smart Holdings plc, a renewable energy company generating power from biogas captured through the treatment of Palm Oil Mill Effluent (POME) in Malaysia, is pleased to announce that its 2.0 megawatt Kahang Biogas Plant located in the state of Johor, is now fully operational at headline capacity and renewable power generated from the plant is being exported to the national grid at expected levels, following the successful completion of testing.

The Group has been recording initial revenues from the sale of power to Malaysia's national utility company since testing began in late September 2016. GSH expects to receive the formal commercial operation certificate (COD) from the national utility in early calendar year 2017.

Mr. Saravanan Rasaratnam, Group Managing Director of Green & Smart, said: "This marks a significant milestone achievement for Green & Smart, as we become an independent power producer supplying electricity to the national grid. It is also a reflection of our commitment to support the Government of Malaysia in its renewable energy initiatives."

The Group will be announcing a trading update in respect of the year ended 30 September 2016 during January 2017.

Enquiries:

 
 Green & Smart Holdings plc 
 Sivadas Kumar                     +44 20 7618 9100 
 
 SP Angel Corporate Finance 
  LLP 
 Robert Wooldridge, Stuart 
  Gledhill                         +44 20 3470 0470 
 
 Luther Pendragon Ltd 
 Harry Chathli, Claire Norbury, 
  Alexis Gore                      +44 20 7618 9100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 19, 2016 02:00 ET (07:00 GMT)

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