GDT TEK (GDTK) today announced that its subsidiary RTR Global Investments, LLC acquired its sixth Power Purchase Agreement (
PPA) from Pacific Gas and Electric Company (NYSE:
PCG) now totaling 9 MW/hr in purchase orders. The term of the contract is for 20 years.
The contract states that PG&E will purchase all electricity produced by GDT Tek's subsidiary RTR Global up to 1.5 (
MW). RTR's patented GREEN process will convert waste heat into electricity at the facilities located at 32982 Road 80, Visalia CA tiered over the 20 year term, and purchase prices ranges between $.09/KW to $.12/KW.
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