Business
Contract signed - totalling 1.5MW
Contract signed - totalling 1.5MW.
About this update from Earnz Plc
[{"type":"text","content":"\n \n \n RNS Number : 2870V\n Verditek PLC\n 06 August 2020\n \n \n \n \n \n \n \n 6 August 2020\n \n \n \n \n \n Verditek PLC \n \n \n \n \n \n (\"Verditek\" or the \"Company\")\n \n \n \n \n \n Major order for its Industrial \"Power in a Box\" Solution\n \n \n \n \n \n Contract signed for six units totalling 1.5 MW of capacity\n \n \n \n \n Verditek plc, (AIM:VDTK) the clean technology company, is delighted to announce, following its earlier successful completion of the first project in Pakistan, that it has received a further substantially larger follow-on order, for six containerised ultra-lightweight solar Power Matts , valued at US$2.2m. The order from SAF Group ('SAF\") (www.safpakistan.com) marks a significant milestone for Verditek, as it represents major confirmation of the Company's leading position in the large-scale, portable, rapidly deployable, ultra-lightweight solar market from a respected International group. SAF is a specialist International Engineering, Construction, Fabrication, Project Management company operating in the field of Oil & Gas, Oil Refining, Power Generation and Chemical Process Industries.\n These panels will be supplied as an easily deployable containerised solution to provide temporary and semi-permanent power, further reducing the reliance on diesel fuel for their operations.\n \n Importantly, SAF is also collaborating with the Regional Government of Sindh, Pakistan, to supply renewable clean energy to the province, and at least one of these containerised units is planned to be deployed for this purpose. This in turn could provide the opening for a whole new market for the Company, moving beyond the initial entry point in the oil and gas industry.\n \n \n Ali Salman, MD of SAF Group, commented:\n \"At SAF Group, we strive to be at the forefront of green technology in Pakistan. The use of the Verditek \"power in a box\" solution to replace diesel generators will contribute to our goal on both our own sites and as part of our collaboration with the Sindh Government, enables us to deploy this solution to bring clean energy to the people of Pakistan at a cost significantly lower than utilising traditional diesel\". \n \n \n \n Robert Richards, CEO of Verditek, commented:\n \n \"\n \n Verditek is proud and ex...