StockMarketWire.com - Waste gasification for energy project group Eqtec said it had signed an equipment sale and services contract with North Fork Community Project, or NFCP.

The company had announced in June that it had agreed to acquire a 19.99% interest in NFCP, a special purpose vehicle formed to build and operate a 2 megawatt biomass project in North Fork, California.

The equipment sale and services contract, with a sales value of €2.2m to the company, had now been executed by all parties.

Eqtec wouild will provide equipment and the supply of engineering and design services to NFCP, such that the project could produce synthetic gas in sufficient quality and quantity to achieve 2 megawatts on a continuous basis.

The project represented the company's first joint venture under a framework agreement with Phoenix Biomass Energy announced in May.


At 1:09pm: [LON:EQT] Eqtec Plc Ord Eur0.001 share price was +0.03p at 0.24p



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