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Article: ALKANE ENERGY (ALK).
- Article from:
- Investors Chronicle
- Article date:
- December 30, 2005
CopyrightCOPYRIGHT 2005 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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30p - Renewable energy generation - Renewable energy supplier Alkane Energy will come of age in 2006 as it starts to make significant profits for the first time. Rising oil prices are making the electricity it generates from coal-mine methane increasingly competitive. So the future looks positive for Alkane, both on environmental and economic grounds.
When it floated in the late 1990s, Alkane was on a fancy rating that assumed a rapid step up in production of electricity from coal-mine methane sites. But, back then, the UK coal-mine methane industry couldn't compete with low oil and gas prices, and it didn't receive the incentives given to other sources of ...