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600 mil with 40% owned. and 30 years contract plus 30 years。that's mean,Isn't it easy Reneuco to get out of pn17?if get out of pn17(maybe after half or one year),how much the price will rebound?
Letter of Intent mean not confirm,
Letter of award mean confirm. Above announcement is conditional LOA mean contract with certain conditions.
Zhikang sim don't understand is okay because normally newbie always confuse.
Bear in mind this conditional letter of award is awarded to CREES, JV between Citaglobal and Reneuco which led by Citaglobal. They spent nearly a year after the initial LOI and should have more than enough plans to execute this project. ECRL expected to begin operations by early 2027 so this power project can't keep delay.
when is Q result...ended 31/12/23....? +...LU. ecrl power RE $600 mil...sure need to start immediately ..construction of ecrl track going well..... 30 yrs concession..wowwww TP $1.00 end yr...do not miss the boat
reneuco has the expertise.... jv is good citaglobal lead the project..meaning for sure got power distribution 60:40 cita at the driver seat..high chances success low risk failure then