Daldrup & Söhne AG, DE0007830572

Daldrup & Söhne AG:

25.07.2017 - 15:04:43

Daldrup & Söhne AG:. Daldrup & Söhne AG, DE0007830572

CORPORATE NEWS

 

Daldrup & Söhne AG: Regulatory authorities approve special operating plan for Landau geothermal power plant

- Tests of safety systems, primary circuit and plant components can start shortly

Grünwald / Ascheberg, Germany, July 25, 2017 - geo x GmbH, a subsidiary of the drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) and the operator of the Landau geothermal power plant in Landau i.d. Pfalz, Germany, will receive approval for its special operating plan for "the construction and upgrade for the facilities of the geothermal power plant Landau for the production of geothermal energy" this month according to a release by the responsible regulator, the Rheinland-Pfalz state authority for geology and mining (LGB)

The special operating plan documents the extensive refurbishment work, particularly on the injection well as well as the plant's newly installed safety systems. As a result of these improvements individual tests of the plant's components and a trial operation of the entire plant will be conducted to check the installed safety technology in coordination with the LGB and the Structure and Approval Management South authority (SGD). Daldrup has made investments in the plant's reconstruction and refurbishment, especially its control and safety systems, over the last couple of quarters.

"We are excited that the extensive reconstruction and refurbishment work has been completed and thus to receive the relevant approvals", says Josef Daldrup, CEO of Daldrup & Söhne AG. "The power plant is ready to operate. By order of and in collaboration with the LGB and the SGD, we have massively upgraded the plant's security systems, which now use state-of-the-art technology. Following the tests and a successful trial operation, our goal is to start regular operations in coordination with the authorities. Geothermics will provide the region with climate-friendly energy from local geothermal energy for the long term."

Daldrup & Söhne AG acquired 40% of the plant's shares from EnergieSüdwest AG in 2013. The plant uses hot groundwater (ca. 160 degrees Celsius with a flow rate of 50-70 liters/sec.) from layers of rock as deep as 3,000 meters to generate electricity. The plant has been set up to for an electrical output of up to 3.6 MW.

This press release is coordinated with the licensing authority.

About Daldrup & Söhne AG Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 60 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.

Press & Investor Relations Contact: Daldrup & Söhne AG Falk v. Kriegsheim Phone +49 (0)2593-9593-29 Fax +49 (0)2593-9593-60 Bavariafilmplatz 7 ir@daldrup.eu 82031 Grünwald/Geiselgasteig www.daldrup.eu

25.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: Daldrup & Söhne AG Bavariafilmplatz 7 / Gb. 32 82031 Grünwald/Geiselgasteig

Germany Phone: +49 (0) 89 / 45 24 37 920 Fax: - E-mail: info@daldrup.eu Internet: www.daldrup.eu ISIN: DE0007830572 WKN: 783057 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt   End of News DGAP News Service

595501  25.07.2017 

@ dgap.de

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