Capstone Secures Order for Associated Gas Project in Oman

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Capstone Turbine (CPST) Announces Multiple C1000 Microturbine Orders for Indonesia, Malaysia Projects

April 11, 2016 8:34 AM EDT

Capstone Turbine (NASDAQ: CPST) announced that it received multiple orders totaling eight C1000 Signature Series microturbines for projects in Indonesia and Malaysia.

Serba Dinamik, Capstones distributor for Indonesia, Malaysia and Brunei, will own and operate the installations, operating the microturbines as power plants for their customers. The power generated at each installation will be sold to their customers at the national feed-in tariff of the respective country. The sites are expected to be commissioned in stages beginning in late 2016.

The natural gas-fueled C1000S microturbines will be installed in combined... More