12.08.2016
A.H.T Syngas Technology N.V. NL0010872388
DGAP-News: A.H.T Syngas Technology N.V.: Letter of Intent signed for two 5 MW Projects at Indonesia
DGAP-News: A.H.T Syngas Technology N.V. / Key word(s): Sales Result/Joint
Venture
A.H.T Syngas Technology N.V.: Letter of Intent signed for two 5 MW Projects
at Indonesia
12.08.2016 / 09:44
The issuer is solely responsible for the content of this announcement.
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Following the successful negotiation conclusion, A.H.T. Syngas Technology
N.V. (AHT) and their Indonesian representative PT B.E. Techindo (BET) with
their Indonesian partner PT M.W. (MWE) signed a Letter of Intent (LoI) for
the erection of two plant complexes at a province of Indonesia with 5 MW
electrical output. MWE is an Indonesian energy service provider which plans
in Phase I a collaboration for commissioning of the first of two plant
complexes until end of 2017. The overall project volume for Phase I sums up
to several mil-lion Euros. MWE is responsible for project planning and
securing the necessary infrastruc-ture measures. BET and AHT serve as
technology provider and conduct all service and maintenance tasks.
Customer for the produced electrical power is a partly state-owned company
active in the wood processing industries. As feedstock for the AHT
twin-fire gas generation process serve wood residuals accumulating during
the customer's production processes. Overcapacities can be fed to the
existing grid.
With these projects, AHT strengthens its acceptance and presence in the
Southeast-Asian expanding markets, after a coal gas generation plant had
been successfully commissioned in Tyan at Indonesia's island Borneo. "We
are confident that these projects and our most recent market success in
Japan will significantly push our growth strategy forward and we hope to
set a counterpoint to the current weakness of our share price. As we cannot
recognise any fundamental reason for this situation, we assume dispositions
from existing shareholders of our earlier acquired Dutch stock exchange
shell company. Possibly, those remaining share-holders are selling their
stocks now", states Gero Ferges, CEO of AHT.
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12.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: A.H.T Syngas Technology N.V.
Diepenbroich 15
51491 Overath
Germany
Phone: +49 (0)2206 / 9519010
Fax: +49 (0)2206 / 9519011
E-mail: [email protected]
Internet: www.aht-syngas.com
ISIN: NL0010872388
WKN: A12AGY
Listed: Regulated Unofficial Market in Hamburg; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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492119 12.08.2016
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