June 23 (Renewables Now) - Green & Smart Holdings plc (LON:GSH) said Thursday the commissioning and interconnection works for its 2-MW Malpom biogas power plant in Penang, Malaysia have been completed.
The company is focused on generating power from biogas derived from palm oil mill effluent (POME) in Malaysia. This is its second fully-owned biogas power plant. The first is also of 2 MW.
Following a testing period, Green & Smart expects the Malpom facility to become fully operational by the end of July. Shortly after that it should receive a certificate of commercial operation date, which will allow it to sell power to Malaysia's main utility company, Tenaga Nasional Bhd (TNB), at the full tariff rate.
"With our first plant, Kahang, now selling power at the full tariff rate, we are excited to soon commence power sales at Malpom and to progress our extensive pipeline of other projects," said chief executive Saravanan Rasaratnam.
Earlier this week, Green & Smart said it has raised up to GBP 552,759 (USD 701,000/EUR 628,000) through a private placement. It will use the funds to bid for new quotas, progress with grid connection of the Malpom plant and for working capital needs.
(GBP 1 = USD 1.268/EUR 1.136)