Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Acquires 75 acre site next to Villeta substation, buying the freehold via its Paraguayan subsidiary from a local landowner for USD900,000. Completion is expected in four months, with a 10% deposit already paid. The purchase will be funded out of Atome's existing resources.
"The Villeta facility is the first phase of what is ultimately projected to be a total of some 400 megawatt 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," the firm says.
Atome signed the first front-end engineering design for the Villeta substation in late July with a local engineering company.
Current stock price: 111.89 pence, up 4.1% on Monday
12-month change: up 40%
By Elizabeth Winter; elizabethwinter@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Atome Plc (ATOM)