Enfield Biomass Limited

The Enfield Biomass project is a 12MW Biomass gasification project located in Enfield, London. The project has secured full planning and permitting approval and is ready to construct.

The project has also secured a grid connection with UK Power Networks, and a long term lease is already in place for the site. The Company is currently in the final phase of discussions with a long term feedstock supplier.

The Company has chosen Statkraft Markets GmBH (“Statkraft”) as its preferred partner for the purchase of 100% of the electricity generated by the plant. Heads of terms for a long term power purchase agreement have been agreed with Statkraft and draft contracts are under negotiation. The Company is well advanced with discussions to finalise this agreement. The Company is in negotiations with a large multinational, located close to the Enfield Project, to purchase 100% of the heat generated by the Project. A detailed heat study and pipe route layout has been completed and the Company is in advanced discussions regarding the commercial terms of the offtake agreement.