RE: Question for LTH's29 Apr 2019 23:16
In addition, EQTEC, together with its partners RAFAKO and EXERGON, is 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.
Reliable projects, two projects in the UK
During 2018, EQTEC and Energy China have been working on the engineering of a revised scheme for the application of EGT coupled to a steam turbine instead of the previous scheme of coupling to a gas engine. The shift to a steam turbine is because initial indications show an increase in the projected returns of the project. A future benefit of this revised scheme is that the additional engineering work will enable the Company to compete in a wider range of projects. There has been a delay on the projects due to the change of configuration of the power plants. The Company now expects to conclude the contracts and start construction in Q1 2019.
Catfoss projects
In the longer term, EQTEC has two earlier stage projects, Catfoss Newcastle and Renewables (Catfoss) Hull, in the pipeline in conjunction with Energy China. These projects will be developed at a later stage.