(Alliance News) - Coro Energy PLC on Tuesday said it signed a memorandum of understanding with Mobile World Investment Corp in Vietnam.
The South East Asian energy company said the memorandum with the Vietnam-based trader in consumer electronic products was focused on installing rooftop solar systems across Mobile World's Vietnamese portfolio.
Michael Carrington, managing director of Coro Energy's Renewables arm, said: "I am delighted to announce our strategic tie-up with Mobile World Investment Corp, as we move at pace towards scale, focused on long-term, solid cash flows and funded largely by industry players we intend to farm into the portfolio."
Coro Energy shares were flat at 0.26 pence each on Tuesday afternoon in London.
By Tom Budszus, Alliance News reporter
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Coro Energy (CORO)