TerniEnergia S.p.A, a company operating in the renewable energy sector, listed on the Star segment of Borsa Italiana, as part of its development strategy, executed the purchase of T.E.C.I. Costruzioni e Ingegneria S.r.l. based in Gioia del Colle (BA).
Such a purchase is aimed at the realization of 6 new industrial sized photovoltaic plants in Puglia, for a total installed power of 4,92 MWp, already authorized and with permission to open immediately the relevant working site.
The price agreed for purchasing 100% of the company was Euro 1,18 Million, totally financed by cash, Euro 118.000 of which were paid at the execution of the purchase preliminary agreement, and Euro 413.000 paid as down-payment. The balance shall be paid into two installments of Euro 472.000 in the currency of plants’ cold test and Euro 177.000 at grid connection.
As at December 31st , 2010 the total number of plants that were completed by TerniEnergia is 204 for an aggregate capacity of 117,2 MWp, 49,3 MWp of which are for joint venture companies and for its Power Generation activity.
