Brief: Perennial Energy To Explore With Powerchina Gansu Energy Investment To Establish JV

Perennial Energy Holdings

09/01/2023 08:47

Jan 9 (Reuters) - Perennial Energy Holdings Ltd
 2798.HK :
    * EXPLORING WITH POWERCHINA GANSU ENERGY INVESTMENT TO
ESTABLISH A
JOINT VENTURE
    * JV TO MAXIMIZE ADVANTAGES OF COAL RESOURCES IN LIUPANSHUI
REGION
OF GUIZHOU PROVINCE, AMONG OTHERS
    * IT IS EXPECTED THAT GROUP WILL BECOME A MINORITY
SHAREHOLDER OF
JOINT VENTURE
    * AS AT DATE, GROUP AND POWERCHINA GANSU NOT ENTERED INTO
ANY
LEGALLY BINDING AGREEMENT IN RELATION TO POSSIBLE TRANSACTION
    * JOINT VENTURE EXPECTED TO BE ENGAGED IN CONSTRUCTION,
DEVELOPMENT AND OPERATION OF A COAL-FIRED POWER PLANT IN
LIUPANSHUI CITY

Further company coverage:  2798.HK