MPC Energy Solutions Announces Start of Operations for Neol CHP

Source: www.gulfoilandgas.com 1/11/2023, Location: South America

MPC Energy Solutions N.V. (”MPCES”) announced that its combined-heat-and-power plant Neol CHP LLC in Puerto Rico has started operations. This was projected in the Company’s last quarterly webcast. The plant was developed and constructed by the Company’s strategic partner Enernet Global Inc. and is expected to generate 26 GWh of energy per year, generating nearly USD 1.9 million in annual revenues under a long-term power purchase agreement with pharmaceutical company Neolpharma Inc. MPCES owns a 95% stake in the project.

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