Ireland-based Eqtec plc has signed an Equipment Sale and Services Contract with North Fork Community Project LLC ("NFCP").
As announced early, Eqtec entered into a legally binding agreement to acquire a 19.99% interest in NFCP, a special purpose vehicle formed to build and operate a 2MW biomass project in North Fork, California (the "Project").
The Equipment Sale and Services Contract, with a sales value of Euro 2.2 million to Eqtec, has now been executed by all parties.
Under the terms of the Equipment Sale and Services Contract, Eqtec will provide equipment and the supply of engineering and design services to NFCP such that the Project can produce synthetic gas in sufficient quality and quantity to achieve 2MW on a continuous basis.
