Mast Energy Developments PLC (GB:MAST) has released an update.
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Mast Energy Developments PLC (MED) has commenced the overhaul of the second genset at its Pyebridge power generation site, following the first genset’s successful refurbishment which resulted in approximately £57k revenue in its initial month. This development allows Pyebridge to apply for an enhanced Capacity Market contract, promising increased future revenues and gross profit margins. Funded by a Project Finance agreement with RiverFort, this step signifies MED’s progress in maximizing efficiency and reliability of its power assets, with the support of RiverFort as a strategic funding partner.
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