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With Europe’s biggest coal-fired power station at Longannet in Fife set to close next year, diversified underground coal gasification (UCG) play Cluff Natural Resources (CLNR) sounds optimistic as it prepares the planning application for its flagship Kincardine UCG project in the Firth of Forth. Steered by veteran resources entrepreneur and former owner of the Spectator magazine Algy Cluff, the company, whose AIM-quoted shares have slipped from a 5p 12-month high to 3.88p, has submitted what finance director Graham Swindells calls ‘a solution to the Longannet closure’ to the Edinburgh government, which could be faced with a 40% cut in Scotland’s power supply as a result of the shut-down.
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