PHOENIX (PHO): Signing of an EPC contract for the delivery of a turnkey 899 KWp greenfield photovoltaic plant - raport 3

The Management Board of Photon Energy a.s. informs that on 6 February 2009 its fully-owned subsidiary Photon Engineering s.r.o. signed a binding contract for the engineering, procurement and construction (EPC) of a turnkey greenfield photovoltaic (PV) plant with an installed capacity of 899 KWp. The PV plant will be based in Milčice in Central Bohemia some 35 km east of Prague and commissioning is expected for the beginning of May 2009.

Photon Engineering's client is HEREDAD s.r.o. and the net contract value is CZK 95.1 million (PLN 15.6 million, EUR 3.36 million).

Legal basis:

§ 3 sec.1. of the Appendix 1 to Resolution No. 346/2007 of the Warsaw Stock Exchange Management Board dated 30 May 2007 "Current and Periodical Information in the Alternative Trading System".

Osoby reprezentujące spółkę:
Michal Gärtner Chairman of the Board of Directors
Georg Hotar Vice-chairman of the Board of Directors