CCIAM Future Energy Signs Framework Deal for RMB4 Billion Guinea Solar Project

The latest update is out from CCIAM Future Energy Ltd. ( (HK:0145) ).

CCIAM Future Energy Limited announced that its wholly owned subsidiary CCIAM Engineering (PRC) Limited has signed a non-binding framework agreement with a Chinese investment holding company to develop a large-scale photovoltaic solar power generation project in a mining district in Guinea. Under the proposed arrangement, CCIAM Engineering will establish and control a dedicated project company responsible for planning, designing, contractor selection, equipment procurement and arranging third-party financing for the roughly RMB4 billion project, and will earn an annual 1.5% service fee on total investment for ongoing operation and maintenance once the plant is completed. The framework also contemplates international trade cooperation in bauxite, with CCIAM Engineering or its designated partners supporting letters of credit and logistics, potentially broadening the group’s revenue streams and reinforcing its strategic positioning in overseas renewable energy infrastructure linked to major resource projects, although binding obligations will only arise after a formal agreement is executed.

The most recent analyst rating on (HK:0145) stock is a Hold with a HK$0.44 price target. To see the full list of analyst forecasts on CCIAM Future Energy Ltd. stock, see the HK:0145 Stock Forecast page.

More about CCIAM Future Energy Ltd.

CCIAM Future Energy Limited, listed in Hong Kong, is principally engaged in the design and provision of energy-saving solutions, as well as loan financing services and treasury investments, with a focus on deploying new energy technologies in industrial and infrastructure settings.

YTD Price Performance: 178.69%

Average Trading Volume: 3,917,436

Technical Sentiment Signal: Hold

Current Market Cap: HK$190.4M

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