RE: Eqt22 Jan 2019 09:16
Brooke Energy UK
The Usk Project (previously known as Zebec Energy project) located in the municipality of Usk, Wales is for a facility which will have a capacity to process ca. 42,000 tonnes of wood waste per year and a power output of 6.4 MWe. The financial close of the project is expected in Q1 of 2019 with the purchase contract executed shortly thereafter.
EQTEC, together with its partners RAFAKO and EXERGON, is also working to deliver a solution for a second project in Brooke Energy's pipeline. The Company will update the market as appropriate on developments regarding this second project.
& PT CITRA Vietnam
MOU with PT. CITRA METRO JAYA ENERGI ("CITRA"), which is part of the Energy division of the Citra Metro Group, a leading group of companies headquartered in Indonesia involved in Energy, Technology and Telecommunications, to supply its EQTEC Gasifier Technology ("EGT") for a 12 MWe power plant in Hanoi, Vietnam. The customer has envisaged the signature of the Power Purchase Agreement ("PPA") and issue of permits by authorities in Q2 2019, with the purchase contract executed shortly thereafter.
Expected turnover for EQTEC is in the range of €20 million - €22 million for the Gasification plant from an estimated €70 million total investment by the customer in this waste-to-energy facility.