MIDLAND — Cirque Energy Inc. (OTC Pink: EWRL) announced a tentative deal for a 600-kilowatt waste-to-energy plant at Cat Cay Yacht Club of North Cat Cay Island, Bahamas.
The tentative deal calls for Cirque’s Deployable Gasification Unit technology to be used in a 600-kilowatt dual-fuel generator, along with a fuel handling module. The operation will process the island’s solid waste into syngas fuel using Cirque’s gasification and cleanup technology to offset diesel fuel to power an engine generator set.
“This development represents a significant milestone in the relatively short history of our company,” stated Roger Silverthorn, Cirque Energy chairman, president and CEO. “This step forward in the commercialization of our renewable energy business proposition will provide important validation of our DGU technology and yield substantial revenue and income for Cirque in the coming years.”
Added Paul Benton, renewable energy manager of Cat Cay Yacht Club: “We are committed to providing a reliable source of environmentally friendly, renewable energy to our member-residents and Cirque was the obvious choice for us to partner with to deliver this innovative solution. We look forward to a long, mutually-beneficial relationship with Cirque.”
The joint development agreement announced calls for a power purchase agreement under which Cat Cay would buy the power generated by the Cirque-owned plant for an initial term of 10 years. Cirque officials said the plant would have a service life of more than 25 years.
“Our DGU energy facility will provide an average base load generation of up to 600 kilowatts of power per hour at 90 percent availability for an annual delivery of up to 4,700 megawatt-hours of baseload renewable energy for Cat Cay,” said Richard L. Fosgitt, Cirque executive vice president for engineering and technology. “This is a wonderful opportunity to showcase our technology for the benefit of a great project partner. This will also be one of our first opportunities to deploy a DGU using municipal solid waste in a commercial setting.”
The estimated capital requirement for the project is over $2 million and the energy plant is expected to be placed into service by March 31, 2016.
More at www.cirque-energy.com. More about Cat Cay, a private island owned by its members, at www.catcayyachtclub.com.