MetalNRG PLC (LON:MNRG) Mechanical and electrical completion at Italia MDC

MetalNRG plc (“MetalNRG” or the “Company”) is pleased to confirm mechanical and electrical completion at its joint venture waste to energy plant in Italy near Castiglione d’Orcia, Tuscany, (the “Plant”) and commercial operations date (“COD”) at the Plant in early 2023.

Further to its project status update of 22 November 2022, the Company can now confirm that all mechanical and electrical components are in place and installed, with all enhancements to the Plant including the additional feeding-in system, the dryer and the thermal oxidizer added to improve the resilience of the Plant’s business model.

Work at the Plant has proceeded in a timely manner, but due to supply chain delays and the late arrival of critical components, the unavailability of suppliers to support testing of ancillary equipment and weeks of severe weather at the site, final performance testing and COD will now be completed early in the New Year. The Company and the Board of EQTEC Italia MDC srl (the “SPV”) have noted the significant progress made by the commissioning team which will break for holidays on 23 December and re-start work in the first week of January 2023.

The Company will continue to provide updates on its progress with Italia MDC.

Rolf Gerritsen commented ” with the holiday season coming up and most people taking a week off work, it only makes sense to secure full commissioning of the Plant in the New Year when full support is available if difficulties should arise. I congratulate the team on site for a job well done”.


Contact details:

MetalNRG plc

Rolf Gerritsen
Christopher Latilla-Campbell

+44 (0) 20 7796 9060

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.