Carbon Friendly signs LOI with Citicon Energy
Saturday, June 15 2013 - 08:10 AM WIB
Carbon Friendly Solutions Inc. announced that its subsidiary, MicroCoal International Inc. (MCII) has signed a letter of intent (LOI) with PT Citicon Energy (CEN) to construct a commercial MicroCoal installation for their PT Wijaya Tri Utama power plant facility (WTU) in Banjarmasin, the capital city of South Kalimantan.
Pursuant to the LOI, CEN is responsible for providing MCII with cost proposals for construction of the commercial Installation, including schedules for project management, organizational management and engineering, the company said in a press statement on Thursday.
Further, MCII and CEN are jointly responsible for the construction of the Installation. The parties anticipate completion of the project plan for the Installation in approximately one month.
Slawek Smulewicz, CEO and Director of the Company, states: "I am pleased that MicroCoal has entered into an agreement with the energy division of PT Citicon, a respected large Indonesian construction and engineering company. MicroCoal is now ready to commence construction of its first commercial installation.
The Company has made quick progress since it signed its LOI in December of 2012 with its Indonesian customer, WTU. In addition to this commercial installation, MicroCoal is actively generating interest from leading utilities in the US and around the world to build commercial installations, to reduce their costs and enhance the performance of their coal powered facilities."
Editing by Benget Besalicto Tnb.