-- Global Power Solutions (PWER.V) announced Friday the submission of an Expression of Interest (EOI) for the potential development and operation of a 15-megawatt (MW) waste-to-energy plant in Kinshasa, Democratic Republic of Congo.
The company said it participated in preliminary discussions with stakeholders, working with its proposed special purpose project partner, Dhatu Group of Uganda, regarding the potential development of a waste-to-energy facility based on the collection of municipal solid waste in the city of Kinshasa.
Kinshasa, with an estimated population of approximately 18.5 million residents, is reported to generate in excess of 7,000 tonnes of municipal waste per day. Based on its preliminary analysis of potential project parameters, the company has submitted an EOI outlining a conceptual 15 MW waste-to-energy facility utilizing approximately 1,000 tonnes of waste per day as feedstock.
In advance, the company said, the project would be expected to utilize modern thermal waste-to-energy technology designed to convert municipal solid waste into "reliable baseload electricity" for delivery to the national grid.
"The company's submission of the Expression of Interest is exploratory in nature and is intended to assess potential participation in the project development process," said Chief Financial Officer Haneef Esmail. "Global Power's potential role, if the project advances, could include project development support, technology integration, or other participation alongside local partners. No definitive agreements have been entered into at this stage."
Shares of the company closed up 1.8% to $0.29 on Thursday on the TSX Venture Exchange.