As a result of the sale, the MPC Energy will incur a non-cash write-off on its investment of about $5 million on the project’s book value in 2024. #NewsismyBusiness
The new plant will generate electricity using liquefied natural gas, improving operational efficiencies and reducing both emissions and power costs. #NewsismyBusiness
Energy production from the Neol CHP plant is expected to be 26,000 MWh per year.