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IN BRIEF: EQTEC Sells Pluckanes Windfarm For EUR1.1 Million

Mon, 24th Aug 2020 15:26

EQTEC PLC - waste to energy project developer - Unit Reforce Energy Ltd sells Pluckanes Windfarm Ltd to BVP 2019 Finance Company Ltd on a debt free and cash free basis for a maximum net cash consideration of EUR383,503. Under the sale agreement, gross consideration for the disposal is EUR1.1 million, which is subject to certain adjustments. EQTEC expects to make EUR32,882 profit from disposal. Pluckanes earned pretax profit of EUR24,827 in the six months to Jun 30 and EUR21,684 for 2019. Proceeds from disposal will be used for general working capital requirements.

Current share price: 0.56 pence

Year-to-date change: up more than 100%; 0.12p at December 31, 2019

By Tapan Panchal; tapanpanchal@alliancenews.com

More News

28 Jul 2020 20:43

IN BRIEF: EQTEC Reiterates Rejection Of US Patent Infringement Claims

24 Jul 2020 07:00

IN BRIEF: EQTEC Signs Welsh Project Exclusivity Agreement With Logik

13 Jul 2020 10:39

EQTEC Shares Drop On Patent Infringement Allegation In US

9 Jul 2020 17:42

IN BRIEF: EQTEC Raises GBP10 Million For Project Development

23 Jun 2020 15:40

Eqtec extends memorandum for development of Billingham project

(Sharecast News) - Waste gas-to-energy technology company Eqtec announced the signing and extension of a conditional memorandum of understanding with Cobra Instalaciones Y Servicios - its strategic partner for the development of waste-to-energy projects - and Scott Bros Enterprises, to jointly develop the proposed up-to-25 MW Billingham Energy waste gasification and power plant in Haverton Hill, Billingham, on Tuesday.

15 Jun 2020 11:00

EQTEC Annual Loss Narrows Sharply After Large Impairments In 2018

1 Jun 2020 15:54

UK TRADING UPDATE SUMMARY: Feedback And Tissue Regenix Secure CE Marks

28 May 2020 14:49

UK TRADING UPDATE SUMMARY: PureTech, N4, Synairgen Advance Covid Work

16 Mar 2020 14:47

EQTEC Agrees Southern Europe Partnership With Germany's ewerGy

16 Mar 2020 10:33

Eqtec signs collaborative framework agreement with ewerGy

(Sharecast News) - Waste-to-energy gasification company Eqtec announced the signing of a collaboration framework agreement with the Germany-based engineering, procurement and construction (EPC) company ewerGy on Monday.

3 Mar 2020 12:30

EQTEC Inks Greek Gasification Plant Design And Installation Memorandum

24 Feb 2020 12:22

EQTEC Signs Upgrade Contract For Energy Facility At Spanish University

24 Feb 2020 09:35

Eqtec signs upgrade contract with Spain's University of Extremadura

(Sharecast News) - Waste gas-to-energy technology company Eqtec has been awarded a contract for the upgrade of the existing syngas research and development facility at the University of Extremadura in Badajoz, Spain, it announced on Monday.

31 Jan 2020 17:16

EQTEC In Talks For Greek Market Entry And US Project Partnerships

22 Jan 2020 16:05

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IN BRIEF: EQTEC Sells Pluckanes Windfarm For EUR1.1 Million

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