VibroPower Signs Power Supply Deal for Malaysian Biomass Plant
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VibroPower's unit, Biomass Energy, has signed a deal to supply electricity from its biomass power plant in Sandakan, Malaysia, to Sabah Electricity. The plant, utilizing palm oil waste, has a capacity of 11.5 megawatts, with Sabah Electricity purchasing up to 9 megawatts annually. Biomass Energy needs to secure financing and licenses before operations, expected to commence by October 31, 2026, following a financial close by June 30.
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