The document outlines a project for redesigning a micro combined heat and power (MCHP) steam plant, focusing on improving system efficiency, specifically through a new heat exchanger and pump design. The MCHP plant aims to provide on-demand heating and hot water for small commercial and residential spaces, targeting an efficiency increase beyond the current 93-96%. Detailed specifications and analysis must be provided in the final report, which also requires a formal presentation at the end of the semester.