Capstone Continues Oil & Gas Reach With Order From Fortune 100 Oil Conglomerate in Thailand
Capstone Turbine Corporation (Nasdaq: CPST) today announced the sale of five low-emission C65 Capstone microturbines to a Fortune 100 oil conglomerate in Thailand. The microturbines will be the prime power source for a remote natural gas pipeline station and nearby village that both are completely isolated from the utility grid.
The C65 microturbines will run on pipeline gas and supply prime power to the onshore transmission station, which receives natural gas from two offshore gas fields up to 200 kilometers (124 miles) away in the Andaman Sea. Approximately 120-kilowatts of microturbine power will be used by villagers.
In 2013, gas from a third offshore source – the Zawtika field – also will run through the transmission station.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.