Kaishan Group (300257.SZ) announced that its wholly-owned subsidiary, Kaishan Renewable Energy Development Pte., Ltd. (abbreviated as "KRED"), ...
Sosian Menengai Geothermal Power Limited Company (abbreviated as "SMGPL" or "owner") has paid KRED the corresponding interest on the $57 million payment for the remaining EPC contract of the Kenyan Sosian Menengai geothermal project. KRED has received a total of $3.1574 million in interest payments from SMGPL for the months of February to November 2024. As of the date of this announcement, all relevant payments under the EPC contract have been recovered and settled.
In addition, Sosian Menengai Geothermal Power Limited Company (referred to as "SMGPL" or "owner") has paid KRED the corresponding interest on the $57 million payment for the remaining EPC contract of the Kenyan Sosian Menengai geothermal project. KRED has received a total of $3.1574 million in interest payments from SMGPL for the months of February to November 2024. As of the date of this announcement, all relevant payments under the EPC contract have been recovered and settled.
