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Stock Market & Financial Investment News

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August 1, 2014
09:11 EDTCBDECBD Energy Limited secures $112M solar project
CBD Energy Limited announced an agreement with Environmental Engineering Group Thailand to construct a 64MW solar park with a projected development cost of approximately $112M. The project is supported by a 25-year power purchase agreement with the Thai Provincial Electricity Authority. CBDE estimates it will earn pre-tax profit of $6.08M from the projectís construction, which is expected to be pre sold to a Singapore-based financial institution. These estimated pre-tax profits are in line with those derived from a previous project completed by CBDE in Thailand. CBDE anticipates these earnings will be recognized during the 2015 calendar year.
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