Usitall signs Letter of Intention with the City of Galati

April 12, 2012

On Thursday the 12 of April, Usitall and the City of Galati signed a Letter of Intention in order to further evaluate the possibility for Usitall to develop a Combined Heat and Power plant based on renewable solid fuels. Such a facility would dramatically decrease the need for fossil-based heat production in the district heating network of Galati and at the same time offer lower prices for the heat provided to the city.

On Thursday April 12 a delegation lead by the Mayor of Linköping, Mrs. Ann-Cathrine Hjerdt, the Swedish ambassador in Romania, Mr. Anders Bengtcén and the President of Usitall, Mr. Mattias Philipsson ended their visit in Galati by signing a Letter of Intention with the city, represented by Mr. Dumitru Nicolae, the Mayor of Galati.

Except from mutual visits, the Parties have discussed the possibility for a co-operation where Usitall AB will develop a Combined Heat and Power plant in Galati operating on renewable fuels. This way the City of Galati will have the possibility to fast and efficiently obtain proven and trusted energy production from biomass including municipal solid waste.

Based on these discussions the Parties have decided to enter into the Letter of Intention to investigate the possibilities for further cooperation. Furthermore, Usitall have a long and close collaboration with the University of Linköping offering the possibility for exchange programs, visits and other forms of cooperation with the “Lower Danube University” in Galati within the field of Energy and Environment.

If further evaluations show that there are favourable conditions, Usitall may decide to initiate and, based on commercial conditions, lead and finance the development of the plant as long as it proves to be feasible as evaluated by Usitall. The decision about proceeding with the project is expected to be taken before the summer.

- We are honoured to have been chosen for this project since Sweden in general and maybe Linköping in particular are leaders in waste-to-energy solutions. The city of Galati has been successful in receiving EU-funds for necessary infrastructure investments and has thereby manifested that they are determined and ready to shift to a more sustainable solution. The project, if feasible, will have a very positive impact on the region, potentially providing renewable and competitively priced energy as well as environmentally sound waste treatment, job opportunities and foreign investment, says Usitall’s CEO Mattias Philipsson. 
 
About Usitall
Usitall is a Swedish company with roots in and strong connections to the municipality of Linköping, acting as an independent waste-to-energy developer operating mainly in Central and Eastern Europe. Usitall initiates and develops strong and attractive projects based on favourable commercial conditions, thereby offering a fast and secure path to environmentally sound solid waste treatment and competitively priced renewable energy based on proven and trusted technology.
 

For further information:
Mattias Philipsson
CEO
Phone: +46 13 20 82 76
Mobile: +46 70 380 82 76
E-mail: mattias.philipsson@usitall.com