MeyGen Project Updates
ATLANTIS RESOURCES LIMITED
(“Atlantis” or the “Group”)
MeyGen Project Update
Atlantis, owner of the world’s largest planned tidal current energy project, MeyGen, and tidal energy equipment supplier, announces that it will today sign a contract with ABB, a leading power and automation technology group, to provide the onshore infrastructure works and electrical equipment for Phase 1A of the MeyGen project in the Pentland Firth in Scotland.
Atlantis continues to work closely with all relevant financing and contracting parties on achieving financial close for the first phase of the project, which is expected to be completed shortly. Accordingly the Board knows of no reason for the recent share price falls. The project remains on track for construction to commence in 2014 with first power expected in early 2016.
-Ends-
For further information please contact:
Atlantis Resources Limited |
via FTI Consulting |
Tim Cornelius, Chief Executive Officer |
|
Duncan Black, Chief Financial Officer |
|
|
|
Peel Hunt LLP (Nominated Adviser and Broker) |
+44 (0) 20 7418 8900 |
Daniel Harris / Andy Crossley |
|
|
|
FTI Consulting (Media and PR) Ben Brewerton / Alex Beagley / James Styles |
+44 (0) 20 3727 1000 |