MPC Energy Solutions (MPCES) invests in a 2.6
MW grid-tied combined-heat-and-power plant (CHP) development project in Puerto
Rico. This is the second project in Puerto Rico for MPC Energy Solutions,
following the investment in its Neol CHP plant last year. The new plant will
generate electricity using liquefied natural gas (LNG), improving operational
efficiencies, and reducing both emissions and power costs. The private off-taker
is AMO Manufacturing, a local subsidiary and production facility of Johnson &
Johnson Vision.
Under the long-term energy supply agreement, the project will produce power and
chilled water. The total investment costs are approximately USD 6 million. MPCES
who is a minority shareholder in Enernet Global, acquired a majority position in
this development project. Engines from Siemens Energy will help operate the CHP
plant, which is expected to commence operations in Q4 2023. The plant is being
built by turnkey contractor Teksol.
The CHP plant, located in Añasco, will deliver a minimum power load of 13 GWh a
year and 2.6 m tons of chilled water. The project is expected to provide
efficiency gains by improving the quality of the energy supply at the location
and reduce operating expenditure.
Martin Vogt, CEO at MPC Energy Solutions, said: "The new project is another
important step in terms of executing on our project pipeline and demonstrates
MPC Energy Solution's continued commitment to Puerto Rico. We are keen to grow
our portfolio further to achieve critical size and economies of scale in Puerto
Rico."
This new project in MPCES' portfolio comes out of the strategic asset
development agreement and strategic partnership with Enernet Global, a
distributed energy service company that owns and operates hybrid power systems
in Latin America, Africa, Australia and Asia. The partnership provides MPCES
with access to the growing microgrid sector in established and new markets.
Paul Matthews, CEO at Enernet Global, said: "We are excited to partner with MPC
Energy Solutions for this second CHP project in Puerto Rico. Together with MPCES
we continue to support Puerto Rico as it strives to reduce its carbon emissions
and make the transition from fossil fuels towards cleaner energies."
Capital Markets Day Webcast
MPC Energy Solutions is hosting a Capital Markets Day on Wednesday, 29 March,
where the senior management will provide a deep insight into MPCES' strategy,
the operational progress, share updated financial guidance and speak about the
regional market, financing environment and the company's future funding plans.
The webcast will be held from 1 pm (CET) to 3 pm (CET).
