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Europlasma SA Announces Shut Down of Moncenx Plant Following Technical Difficulties; Announces Resignation of Chief Executive Officer


Thursday, 31 Oct 2013 02:13pm EDT 

Europlasma SA announced that its subsidiary CHO Power was not able to deliver the biomass power plant Morcenx on the scheduled take over date due to a faulty gasifier and a technical incident which caused the facility to shut down in February 2013. The plant is expected to become operational again at the beginning of 2014 when the gasifier has been replaced. The Company also announced that its Chief Executive Officer Mr. Didier Pineau left his position at the end of June 2013. Mr. Francois Marchal is serving as Acting Chief Executive Officer until January 1, 2014. A recruitment agency has been hired to find a permanent replacement for Mr. Pineau. 

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0.98
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30 Oct 2014