Brief: Advanced Soltech Signs Orders In China

Gigasun AB (publ)

31/05/2022 06:55

May 31 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * SIGNS ORDERS IN CHINA THAT GENERATES APPROX. SEK 21.4
MILLION
DURING THE CONTRACT PERIOD
    * SUBSIDIARY IN CHINA, HAS SIGNED AN ORDER WITH JIANGSU
DIAMENTE
CHEMICAL TECHNOLOGY CO. LTD IN CHEMICAL INDUSTRY
    * ORDER APPLIES TO INSTALLATION OF A SOLAR ENERGY PLANT OF
APPROX.
1.2 MEGAWATTS
    * IS ESTIMATED TO GENERATE ANNUAL INCOME FROM ELECTRICITY
SALES OF
APPROX. 1.07 MSEK, OR APPROX. SEK 21.4 MILLION DURING
AGREEMENT'S 20-YEAR TERM
    * INVESTMENT IN FACILITY, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY OWNED SUBSIDIARIES IN CHINA, AMOUNTS TO APPROX.
SEK 7.8 MILLION AND CONSTRUCTION START IS PLANNED FOR Q3 OF 2022
    * ANNUAL SAVINGS IN CARBON DIOXIDE EMISSIONS ARE ESTIMATED
AT 770
TONNES
    * PROJECT ACHIEVES GOOD PROFITABILITY WITHOUT SUBSIDIES AND
IS IN
JIANGSU PROVINCE

Source text for Eikon:  ID:nMFN5GJhYg 
Further company coverage:  ASAB.ST 

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