MPCES invests in CHP development project in Puerto Rico

MPC Energy Solutions (MPCES) invests in a 2.6 MW grid-tied combined-heat-and-power plant (CHP) development project in Puerto Rico. The new plant will generate electricity using liquefied natural gas (LNG), improving operational efficiencies, and reducing both emissions and power costs.

Under the long-term energy supply agreement, the project will produce power and chilled water. The total investment costs are approximately USD 6M. MPCES acquired a majority position in this development project. Engines from Siemens Energy will help operate the CHP plant, which is expected to commence operations in Q4 2023.

The CHP plant, located in Añasco, will deliver a minimum power load of 13 GWh a year and 2.6 m tons of chilled water. The project is expected to provide efficiency gains by improving the quality of the energy supply at the location and reduce operating expenditure.

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