Jinguan Electric (688517.SH) subsidiary signs EPC general contracting framework agreement worth no more than US$296 million

Zhitong Finance APP News, Jinguan Electric (688517.SH) announced that its wholly-owned subsidiary Jinguan (Shenzhen) Photovoltaic Energy Storage and Charging Electric Co., Ltd. recently signed an EPC general contracting framework agreement with SPIRO MOBILITY HOLDCO FZCO. The subject matter of the contract is 50 grid-connected or off-grid photovoltaic-storage-charging integrated power station projects in the African region, with a total contract amount not exceeding US$296 million (tax inclusive). This amount is an estimated amount based on the benchmark price of standard power stations and the planned quantity, and is not the final determined total price. The actual execution content, price, and quantity shall be subject to the specific EPC execution agreements subsequently signed by both parties.