16th Dec 2020 21:54
Coro Energy PLC - South East Asian energy company - Says 20% investee ion Ventures Holdings Ltd, enters into non-binding memorandum of understanding with PT Inovasi, an Indonesian social enterprise with a portfolio of rural and off-grid energy assets. The deal will see the pair seek to deploy, subject to binding agreement, capital and expertise into an energy storage venture in Indonesia which will support 100 feasibility studies for PT Inovasi's micro-grid solutions in rural projects and towards the optimisation of a portfolio of 50 existing mini-grids requiring upgrade works.
Current stock price: 0.27 pence
Year-to-date change: down 85%
By Paul McGowan; [email protected]
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