Ann: Fluence March 2019 Quarterly Report Business Update, page-21

From elleburra Post #: 38262028

The Ivorian authorities have just appointed China Harbour Engineering Company (CHEC) to carry out several drinking water supply projects throughout Ivory Coast. The value of the contract is CFAF 64 billion, or €97.5 million.

New drinking water infrastructure will be built in Ivory Coast. The Chinese company China Harbour Engineering Company (CHEC) has recently won a contract worth 64 billion CFA francs (97.5 million euros) for several drinking water supply projects.

In the coming days, the Beijing-based company will begin to execute its contract, including the extension of the drinking water distribution network in the city of Abidjan. The project will be launched as factories are being installed around the economic capital to provide drinking water to its more than 4 million inhabitants. One example is the drinking water plant, currently under construction by the American company Fluence Corporation, which will eventually supply 150,000 m3 of drinking water per day.

If above is correct they have already commenced construction, with the implication that finance is in the bag, and costs already being incurred.

Cheers