Brief: Mercator Medical Unit Signs Deal For Cogeneration Installation For Biomass Combustion

Mercator Medical SA

07/08/2024 06:27

Aug 7 (Reuters) - Mercator Medical  MRCP.WA :
    * SAID ON TUESDAY ITS UNIT MERCATOR MEDICAL (THAILAND) HAS
SIGNED
DEAL WITH THERMAX LIMITED AND THERMAX THAILAND FOR DELIVERY AND
ASSEMBLY OF COGENERATION INSTALLATION FOR BIOMASS COMBUSTION
    * TOTAL OFFER VALUE AMOUNTS TO 459 MLN THB 
    * THE INVESTMENT WILL BE INITIALLY FINANCED FROM MERCATOR
MEDICAL
(THAILAND) OWN FUNDS WITH THE OPTION OF REFINANCING PART OF IT
WITH A LOAN IN THE FUTURE
    * THE PLANNED PERIOD OF INVESTMENT'S IMPLEMENTATION IS 19
MONTHS
    * AS OF TODAY, THE COMPANY ESTIMATES THAT AFTER LAUNCHING
THE
BIOMASS HEAT AND POWER PLANT AND BURNING A SLIGHTLY LARGER
AMOUNT OF BIOMASS THAN CURRENTLY, THE EXPENDITURE ON THE
PURCHASE OF EXTERNAL ELECTRICITY WILL BE REDUCED BY ABOUT 95%

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nEMwDMmka
 Further company coverage:  MRCP.WA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))