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Jinguan Electric (688517.SH) Subsidiary Signs EPC Framework Agreement Worth Up to US$296 Million

Stock News
Oct 09

Jinguan Electric Co.,Ltd. (688517.SH) has announced that its wholly-owned subsidiary, Jinguan (Shenzhen) Solar-Storage-Charging Electric Co., Ltd., recently entered into an EPC general contracting framework agreement with SPIRO MOBILITY HOLDCO FZCO.

The contract covers 50 grid-connected or off-grid integrated solar-storage-charging power station projects in the African region, with a total contract amount not exceeding US$296 million (tax inclusive).

This amount is an estimated figure based on the benchmark price of standard power stations and the planned quantity, and does not represent a final confirmed total price. The actual scope of execution, pricing, and quantity shall be subject to separate EPC execution agreements subsequently signed by both parties.

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