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UK: EGS Energy appoints exCEO of British Energy as special adviser

Eden Project, website snapshot
Alexander Richter 17 Sep 2010

UK based EGS Energy, announces that it has hired Mike Alexander, ex CEO of British Energy (now EDF) as special advisor. The company is developing an EGS geothermal power plant in the UK.

In a release by UK based EGS Energy, the company reports that “Mike Alexander, previously COO of Centrica plc and CEO of British Energy plc, has agreed to assist the Company in the role of Special Adviser. An operator with extensive senior executive management experience, he will take the role of Special Adviser for the moment until fund-raising is completed.

With more than 11 years as a FTSE 100 board member, Mike Alexander is ideally placed to assist EGS Energy as it moves towards the operational stage of the proposed EGS power plant at The Eden Project. Specifically, his 40+ years in the energy industries – oil/gas/coal/nuclear – will provide the depth of industry background for the board of the Company as it takes forward geothermal energy projects in the UK and elsewhere.

Mike Alexander has led companies of considerable consumer, political, commercial and industrial importance in the UK. He is used to balancing shareholder interests with those of society, regulators and employees to achieve strategic and economic performance improvement. He is currently: a non-executive director of Costain plc; an independent non-executive director of the UK Payments Council; and a European Advisory Board director of Landis + Gyr AG.

Guy Macpherson-Grant, Managing Director of EGS Energy, said: “EGS Energy is very pleased to have attracted a supporter of the calibre of Mike Alexander. We look forward to working with him in the coming months as we move from the preparatory stages of the Eden EGS plant development through to fully-fledged operations.”

Mike Alexander commented: “It is exciting to be involved with EGS Energy at a time when it is on the point of getting started on its first geothermal plant. Geothermal energy is a reliable and clean source of renewable energy, one which can make a significant contribution to meeting the power requirements of local communities. I expect EGS developments to become a growing and important element of the UK’s sustainable power generation portfolio and as such I look forward to being able to contribute to what is already a team with vast technical ability in the area of engineered geothermal systems.”

Source: e-mail release by EGS Energy