Coro Energy going through "super exciting times" with renewables strategy
London, UK
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July 11, 2023 06:36 AM Eastern Daylight Time
Coro Energy PLC (AIM:CORO) Chief Financial Officer Ewen Ainsworth and Managing Director - Renewables Michael Carrington speak to Thomas Warner from Proactive London about how the South East Asian focused energy company has been performing recently.
Ainsworth says that the "key area of focus for investors at the moment is what's going to be happening in the near future" and specifically with regard Coro's Duyung PSC - a project he describes as the company's marquee asset. He also highlights what he considers the company's "second potential value inflection event", the sale of its assets in Italy.
Carrington provides a general update on Coro's renewables transition, with specific reference to operations in Vietnam and the Philipines. He describes this period as "super exciting times" for the business "with lots happening." The company sees gas as a crucial transitional fuel and aims to support renewable energy growth and energy security in emerging Asian markets.
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