Ultimaxus PLC
Ultimaxus PLC: Interim report
Ultimaxus PLC / Key word(s): Miscellaneous Interim report In collaboration with local companies, and financed by our investors, we are planning a new photovoltaic project in Egypt. Not far from the capital city of Cairo, a completely authorised project with a total volume of up to 25 MWp should emerge. The project development is 95% complete, and all necessary authorisations have been issued. The project was planned to be conveniently located, near to main supply lines and the necessary network connection fees have already been paid, partially financed by us. The project is subject to a careful Due Diligence procedure, in the scope of a commission by the investor, before acquisition of rights. The attestation of specialised chambers is then the basis for funding in Egypt, and the secure acquisition of the project company on location. There is nothing standing in the way of a prompt start to construction, thanks to the mainly complete authorisations, the already paid network connection fee, and the extensive infrastructure. Due to investment in the planned megawatt class Egyptian photovoltaic plant, a quick aromatisation can be expected. The period between the first investment, and the first receipt of the network connection payment, is between 9 and 12 months incl. set up. Ultimaxus PLC. Company No. 07567944 100 Pall Mall St. James, London, SW1Y 5NQ Great Britain Tel.: +44 20 809 927 59 Fax: +44 20 316 309 99 Web: www.ultimax.us E-mail: info@ultimax.us End of Corporate News 16.09.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
139590 16.09.2011 |