MPCES collects final payment from sale of CHP plant in Puerto Rico, increases free cash to USD 9.6 million
Netherlands, Oct. 21 -- PC Energy Solutions ("MPCES") announced that it has received the final payment in connection with the sale of a combined heat and power ("CHP") plant in Puerto Rico last year.The payment of USD 1.0 million increased the Company's total free cash position, i.e. the cash freely available for project investments, development costs and overhead, to USD 9.6 million.MPCES currently has a portfolio of three operational, revenue-generating projects (49 MWp) and one project in the pre-revenue phase (66 MWp), which has already completed construction and is currently awaiting permits to commence the testing and commissioning phase. MPCES will provide an update on the timeline for the project during its upcoming Q3 earnings call...
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