GasHub and Primelectric will complete a feasibility study for the project and proceed with the finalisation and execution of a binding agreement within three months from the date of this MOU, which was dated July 10.
GasHubUnited Utility, a subsidiary of SGX-listed H2G Green has signed two separate MOUs related to power generating projects in the Philippines that will have a capacity of at least 332 megawatts.
The first MOU was with Primelectric Holdings and involves the conversion and upgrading of a diesel-fueled 24MW power barge to a natural gas-fueled power barge with an increased capacity of 32MW.
