Mast Energy Developments PLC (GB:MAST) has released an update.
Mast Energy Developments PLC reports that their Pyebridge 9MW flexible power generation asset has met the Satisfactory Performance Days criteria, securing the continuation of its current Capacity Market contract, which guarantees an annual gross profit margin income of approximately £308,000. Moreover, additional Capacity Market contracts have been secured for Pyebridge, ensuring a minimum annual gross profit of around £817,000 until 2028, exclusive of electricity generation revenue. The company is also advancing into the second phase of development at Pyebridge, expecting to enhance the operational efficiency and profitability of its generators.
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