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China New Energy Ltd (CNEL)

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Tuesday 26 July, 2016

China New Energy Ltd

Signing of IPPA in Zambia

RNS Number : 1894F
China New Energy Ltd
26 July 2016
 

26 July 2016

 

 

China New Energy Limited

("CNE" or "the Company")

 

Signing of IPPA in Zambia

 

The Board of CNE (AIM:CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, notes the press commentary in relation to Sunbird Bioenergy Africa Limited ("Sunbird") and the Investment Promotional and Protection Agreement ("IPPA").

 

The Company is pleased to learn that Sunbird and the Zambian Development Agency have signed the IPPA, a key milestone in the commencement of the Zambian project. 

 

The Company notes, however, that there are a number of other project milestones which need to be concluded prior to it entering into a formal agreement with Sunbird to commence construction of the Zambian project.

 

The Company will provide a further update to the market in due course.

 

For further information, please visit www.chinanewenergy.co.uk or contact:

 

China New Energy Limited

www.chinanewenergy.co.uk

Richard Bennett

Tel: +44 (0)7966 388 374 or [email protected]

Ivy Xu

Tel: +86 (0)20 8705 9371 or [email protected]

 

 

Cairn Financial Advisers LLP (NOMAD)

Tel: +44 20 7148 7900

Jo Turner / Sandy Jamieson      

 

 

 

Daniel Stewart and Co (Broker)

Tel: +44 20 7776 6550

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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