Logiq Inc (LGIQ)

[balamidas]

Iris’s new waste-to-energy plant in Phuket a revenue churner

Global smart technology solutions provider Iris Corporation Berhad’s Thai subsidiary PJT Technology Co Ltd (PJT) has opened its municipal solid waste (MSW) incineration power plant (IPP) in Phuket, Thailand that will generate annual revenue of up to US$19.4 million per year based on current load.

Its managing director Datuk Tan Say Jim says electricity generated will be sold to the Provincial Electricity Authority (PEA) under the very small power producer programme and is expected to generated gross annual revenue of between RM55 million (US$17.71 million) and RM60 million based on current load.

There are two sources of income for the project – garbage tipping fee charged to the local authority and the trading of certified emission reductions (CER) under the Clean Development Mechanism (CDM) Programme. Tan declines to comment on the company’s investment costs, return on investment and supply chain.

Thailand’s Minister of Natural Resources and Environment Preecha Rengsomboonsuk Intusu opened the plant on January 14, 2013, witnessed by Phuket governor Maitri Intusu.
- See more at: http://www.greenprospectsasia.com/content/iris%E2%80%99s-new-waste-energy-plant-phuket-revenue-churner#sthash.ktdup5Wp.dpuf



http://www.greenprospectsasia.com/content/iris%E2%80%99s-new-waste-energy-plant-phuket-revenue-churner#sthash.ktdup5Wp.dpuf




that is what the STOA/MERGER is about $$$$$$$$$$$$$