Analyst Research Report Snapshot

Title:

EUROPLASMA - AWAITING UPDATE REGARDING CHO MORCENX POWER PLANT

Price:

$10.00

Provider:

Edison Investment Research

Date:

21 Jun 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

ALEUP.PA

Available for Immediate Download
Summary:

Europlasma's CHO Morcenx plant has been in production since completion in summer 2012. Although its output has been delivered and sold into the grid and its overall capacity and efficiency proven, the plant has not yet been commissioned as performance tests are not complete. The major issue is the under performance of a single purchased component and technical failure due to frozen equipment in mid-February. That resulted in approximately three months' downtime to dismantle and repair damaged components. The group and its partners are considering the implications, including contract remedies and the cash impact. The shares were suspended on 15 April at the company's request, pending publication of a press release.

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