The 18 million per year is for the current load.
The reason iris wants to list this on an American exchange is they can attract capital and venture the technology into other economies.
IRIS and Sitoa, both of which are technology companies, identified the Waste-To-Energy and Renewable Energy businesses as a growing and timely priority and thus appropriate to be acquired by Sitoa because they could potentially achieve an attractive valuation on a U.S. Stock exchange, enhance shareholder value, attract growth capital and expand its business.
Tan says there are plans to venture into similar projects in other parts of Thailand or in other economies.
PJT currently owns and operates a 60 tonne-per-day industrial waste-to-energy power plant in Amata Nakorn Industrial Estate in Bangkok, Thailand. IRIS has another project in Weinan, China which started in 2012.
The investment is through its newly incorporated company in Hong Kong, Regal Energy Limited, which owns 65% of equity shares of the newly-formed joint-venture company, Weinan IRIS Envirowerkz Zhouji Renewable Resources Co Ltd.
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