Mast Energy signs JV deal with institutional investor for flexible power projects

LONDON, UK: Mast Energy Developments PLC, a UK-based flexible power company, has announced that it has signed a joint venture deal with an institutional investor-led consortium, led by Seira Capital Ltd, to develop and operate a portfolio of low-carbon gas generation peaker plants. The deal, worth £5.9 million initially and potentially rising to £31 million,…

Pieter Krügel appointed CEO of Mast Energy Developments

LONDON, UK: Mast Energy Developments Plc (MED), the UK-based multi-asset operator in the rapidly growing Reserve Power market, announced that Mr. Pieter Krügel has been appointed as Chief Executive Officer of MED from 1 June 2022. Mr. Krügel previously worked as the Group Chief Financial Officer of the Kibo Group (‘the Group’), where he has…