Orlando, Fla., September 7, 2010 — GDT TEK subsidiary RTR Global Investments, acquired its second power purchase agreement from Pacific Gas and Electric Co. 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 process will convert waste heat into electricity at the facilities located at the Santa Cruz Landfill tiered over the 20 year term and purchase prices ranges between $.09/KW to $.12/KW.
President Bo Linton stated, “With up to $100 million debt financing obtained through Janco Partners and Business Interruption Insurance obtained through Willis Insurance we are implementing our 9 MW Power Purchase Agreements as we begin deployment of our Green equipment at these landfill locations.”
GDT TEK, Inc. is an Orlando, Florida-based publicly traded company focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries.