Brief: Advanced SolTech Signs Order In China
27/06/2022 06:31
June 27 (Reuters) - Advanced SolTech Sweden AB (publ)
ASAB.ST :
* ADVANCED SOLTECH SIGNS ORDER IN CHINA THAT GENERATES
APPROX. SEK
24 MILLION DURING THE CONTRACT PERIOD
* ADVANCED SOLTECH'S SUBSIDIARY IN CHINA, HAS SIGNED AN
ORDER WITH
HUANAN NISHENG PROPERTY MANAGEMENT CO LTD
* ORDER CONCERNS INSTALLATION OF A SOLAR POWER PLANT OF A
TOTAL OF
APPROXIMATELY 1.2 MEGAWATTS (MW) AND IS ESTIMATED TO GENERATE
ANNUAL REVENUES FROM ELECTRICITY SALES OF APPROX. 1.2 MSEK, OR
APPROX. SEK 24 MILLION DURING AGREEMENTS' 20-YEAR TERM
* INVESTMENT IN FACILITY, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY OWNED SUBSIDIARY IN CHINA, AMOUNTS TO APPROX.
SEK 8.2 MILLION AND CONSTRUCTION START IS PLANNED FOR Q3 OF 2022
Source text for Eikon: ID:nMFN85rckH
Further company coverage: ASAB.ST
(Gdansk Newsroom)
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