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BRIEF-Etrion Reaches Agreement On 60 MW Mie Project

Published 2020-09-23, 05:48 p/m
© Reuters.
ETX
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Sept 23 (Reuters) - Etrion Corp ETX.TO :

* ETRION REACHES AGREEMENT ON 60 MW MIE PROJECT

* ETRION CORP - REACHED NEW AGREEMENT WITH ZIVA ENERGY ON THEIR DISPUTE REGARDING 60 MW MIE SOLAR PROJECT

* ETRION CORP - AS PART OF AGREEMENT, CO WILL PROCEED IN LINE WITH ITS USUAL INVESTMENT STRUCTURE AS ORIGINALLY PLANNED

* ETRION CORP - IN AGREEMENT, ZIVA WILL ACQUIRE CO'S CONTRACTUAL STRUCTURE & ASSOCIATED ECONOMIC OBLIGATIONS AND BENEFITS FOR JPY 3.4 BILLION

* ETRION CORP - ETRION JAPAN KK WILL BE REIMBURSED ABOUT JPY 700 MILLION ADVANCED TO ZIVA AND WILL BE PAID DEVELOPMENT FEE OF JPY 300 MILLION

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