Sydney - Monday - October 31: (RWE Aust Business News) - Enerji (ERJ) has entered into a memorandum of understanding with Energy Developments (ENE).
ENE has more than 275MW of installed capacity at 32 remote sites and will work with Enerji to assess the viability of the waste heat recovery system, with the Opcon Powerbox, at existing nominated sites, and selected new sites for which ENE is submitting tenders or proposals.
Assessment will be undertaken on a site by site basis.
If a site is found to be commercially viable for both parties then bona fide negotiations for a binding supply agreement can commence.
Enerji expects to be operationally cash flow positive from when the fourth Opcon Powerbox is installed and commissioned.
