Mast Energy Developments PLC (GB:MAST) has released an update.
Mast Energy Developments PLC (MED) has commenced the overhaul of the second genset at its Pyebridge power generation site, following the first genset’s successful refurbishment which resulted in approximately £57k revenue in its initial month. This development allows Pyebridge to apply for an enhanced Capacity Market contract, promising increased future revenues and gross profit margins. Funded by a Project Finance agreement with RiverFort, this step signifies MED’s progress in maximizing efficiency and reliability of its power assets, with the support of RiverFort as a strategic funding partner.
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