Brief: Advanced Soltech Subsidiary Signs Order In China

Gigasun AB (publ)

28/08/2023 06:35

Aug 28 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * ADVANCED SOLTECH SIGNS AN ORDER IN CHINA THAT GENERATES
APPROX.
SEK 58 MILLION DURING THE CONTRACT PERIOD
    * SUBSIDIARY IN CHINA, HAS SIGNED AN ORDER WITH HENGAN
(ZHEJIANG)
FAMILY LIFE PRODUCTS, A COMPANY LISTED IN HONG KONG AND ACTIVE
IN PRODUCTION OF PAPER PRODUCTS.
    * ORDER IS FOR INSTALLATION OF A SOLAR POWER PLANT OF
APPROX. 3.1
MEGAWATTS (MW)
    * ORDER IS EXPECTED TO GENERATE ANNUAL REVENUE FROM
ELECTRICITY
SALES OF APPROX. SEK 2.9 MILLION, OR APPROX. SEK 58 MILLION
DURING 20-YEAR TERM OF AGREEMENT.
    * INVESTMENT IN FACILITIES AMOUNTS TO APPROX. SEK 20 MILLION
AND
CONSTRUCTION START IS PLANNED FOR Q1 OF 2024

Source text for Eikon:  ID:nMFN1srFsB 
Further company coverage:  ASAB.ST 

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