Brief: Novavis Groups Sings Cooperation Agreement On PV Projects

Novavis SA

18/02/2021 06:46

Feb 18 (Reuters) - Novavis Group SA  NVGP.WA :
    * SAID ON WEDNESDAY IT HAS SIGNED COOPERATION AGREEMENT WITH
MILLE
    * UNDER AGREEMENT COMPANIES ARE TO CARRY OUT DEVELOPMENT
PROCESSES
OF LARGE SCALE PHOTOVOLTAIC PROJECTS OF TOTAL POWER NO LESS THAN
100 MWP
    * COMPANIES WILL IMPLEMENT THOSE PROJECTS VIA SPECIAL
PURPOSE
VEHICLES IN WHICH NOVAVIS OR ENTITY APPOINTED BY IT WILL HOLD
70% STAKE WHEREAS MILLE OR ENTITY APPOINTED BY IT WILL HOLD 30%
STAKE 
    * ESTIMATED COST OF THE PROJECT AMOUNTS TO ABOUT 11.0 MLN
ZLOTYS
    * ESTIMATED IMPLEMENTATION PERIOD WILL TAKE 9 TO 16 MONTHS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbTGXgXa
    
 Further company coverage:  NVGP.WA  
   


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