EESTech Captures African Market Opportunities.
EESTech established a South African company, EESTech Africa (Pty) Ltd, with the objective to capitalise on market opportunities identified throughout Africa. High-energy costs and the lack of power availability in many parts of the African Continent represent a significant market opportunity for the application of EESTech’s HCGT waste to energy power plant.
The simplicity of the HCGT and its ability to burn a combination of waste combustibles makes the HCGT perfectly suited to these markets, whether providing energy to industry, disadvantaged communities or distribution on to a national grid.
EESTech assigned EESTech Africa an Exclusive Marketing Agreement for Africa. This agreement requires a minimum performance target of 30MWe of installed generating capacity to be achieved annually.
Under the terms of this agreement EESTech Africa is required to pay an up-front, one time only, licence fee per MWe of installed capacity to EESTech with an ongoing service fees of $2.00 per MWe hour, 24/7 for ten years on each MWe generated. Conservative market estimates highlight EESTech’s potential income for the next 5 years as exceeding $15million in License fees and $2.4million from service fees.
The application of EESTech’s products and services throughout Africa will help support the promotion of business development, stimulating growth and benefitting stranded and disavantaged comunities in erea’s that currently lack a reliable energy supply.
EESTech’s new website is now available to all shareholders at: www.eestechinc.com