Business
Acquisition of 75 acre site for Villeta facility
Acquisition of 75 acre site for Villeta facility.
About this update from Atome Plc
[{"type":"text","content":"\n \n \n \n 5 September\n \n \n 2022\n \n \n \n \n \n \n \n \n \n ATOME ENERGY PLC\n \n \n \n (\"ATOME\", the \"Company\", or the \"Group\")\n \n \n \n \n \n \n Further operational progress with\n \n \n acquisition of 75 acre site for Villeta facility\n \n \n \n \n \n \n \n \n \n ATOME Chair to speak at IDB and Government sponsored \"Invest in Paraguay\" event\n \n \n \n \n \n \n ATOME Energy (AIM: ATOM), the only pure international green hydrogen and ammonia production company on the London Stock Exchange with current large scale industrial projects concentrating on energy and food security as well as hydrogen mobility projects, announces further operational progress with the acquisition of a 75 acre (30 hectare) site for its Villeta, Paraguay production facility.\n \n \n \n \n \n \n Land acquisition in Villeta\n \n \n \n Following the recently signed 60MW power purchase agreement and subsequent awarding of the FEED contract\n in relation to\n the Civil and Electromechanical works at the Villeta substation announced on 28 July 2022, ATOME is pleased to announce the securing of a 75 acre site adjacent to the Villeta substation for its Villeta production facility (the \"Site\"). ATOME through its Paraguayan subsidiary, ATOME Paraguay S.A., has entered into the freehold purchase contract to acquire the Site from an unrelated local landowner with completion scheduled in four months at a price of US$900,000, considered a market valuation, with the full 10% deposit already having been paid and balance due on completion. The purchase monies are able to be paid out of ATOME's existing resources.\n \n \n \n \n \n The Villeta facility is the first phase of what is ultimately projected to be a total of some 400MW of capacity in Paraguay. The large 75 acre Site will provide room for expansion and facilitate the ability as may be required to store and act as a delivery point for ATOME's Paraguay production.\n \n \n \n \n \n Not only is the Site adjacent to the Villeta substation of ANDE, the national power distribution company, thereby minimising the cost of transmission lines, it is conveniently situated near the major Villeta port facilities on the River Paraguay, itself only 35km from the capital Asuncion. The navigable Paraguay River merges further downstream with the Parana River and thence thr...