Brief: Minesto Signs Agreement For Faroe Islands' Installations

Minesto AB

12/11/2018 07:03

Nov 12 (Reuters) - Minesto AB  MINEST.ST :
    * MINESTO SIGNS AGREEMENT WITH ELECTRIC UTILITY SEV FOR
FAROE
ISLANDS' INSTALLATIONS
    * PROJECT WILL BE FINANCED THROUGH A MIX OF EQUITY AND
RESOURCES
FROM MINESTO AND SEV TOGETHER WITH PUBLIC FUNDING GRANTS
    * HAS SIGNED A COLLABORATION AGREEMENT FOR TWO INSTALLATIONS
OF
MINESTO'S DG100 MODEL
    * DEAL ALSO INCLUDES POWER PURCHASE DEAL THROUGH WHICH SEV
TO
PURCHASE ELECTRICITY GENERATED BY CO'S TIDAL ENERGY CONVERTERS

Source text for Eikon:  ID:nWkr32pGSl 
Further company coverage:  MINEST.ST 

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