DGAP-News: Ultimaxus PLC: Interim report
(firmenpresse) - DGAP-News: Ultimaxus PLC / Key word(s): Miscellaneous
Ultimaxus PLC: Interim report
16.09.2011 / 15:01
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Interim report
In collaboration with local companies, and financed by our investors, we
are planning a new photovoltaic project in Egypt. Not far from the capital
city of Cairo, a completely authorised project with a total volume of up to
25 MWp should emerge.
The project development is 95% complete, and all necessary authorisations
have been issued.
The project was planned to be conveniently located, near to main supply
lines and the necessary network connection fees have already been paid,
partially financed by us.
The project is subject to a careful Due Diligence procedure, in the scope
of a commission by the investor, before acquisition of rights. The
attestation of specialised chambers is then the basis for funding in Egypt,
and the secure acquisition of the project company on location.
There is nothing standing in the way of a prompt start to construction,
thanks to the mainly complete authorisations, the already paid network
connection fee, and the extensive infrastructure.
Due to investment in the planned megawatt class Egyptian photovoltaic
plant, a quick aromatisation can be expected. The period between the first
investment, and the first receipt of the network connection payment, is
between 9 and 12 months incl. set up.
Ultimaxus PLC.
Company No. 07567944
100 Pall Mall
St. James, London, SW1Y 5NQ
Great Britain
Tel.: +44 20 809 927 59
Fax: +44 20 316 309 99
Web: www.ultimax.us
E-mail: info(at)ultimax.us
End of Corporate News
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139590 16.09.2011
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Datum: 16.09.2011 - 15:01 Uhr
Sprache: Deutsch
News-ID 64868
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