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Thursday 26 September, 2019

De Raj Group AG

De Raj Group Will Build 88 MW photovoltaic power plants in the Ukraine

DGAP-News: De Raj Group AG / Key word(s): Agreement/Sustainability
De Raj Group AG: De Raj Group Will Build 88 MW photovoltaic power plants in the Ukraine

26.09.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


De Raj Group Will Build 88 MW photovoltaic power plants in the Ukraine
Germany, Cologne, 26 September 2019: De Raj Group AG (ISIN: DE000A2GSWR1, Vienna Stock Exchange), announces the signing of an Agreement with STC Energy Limited Liability Company (STC), Ukraine. Under the Agreement the companies will construct 6 Solar Power Stations across the Kiev region and supplying electricity to the State Company (Energorynok), Ukraine. These photovoltaic power plants, will have a total production capacity of 88.371 MW. This investment in Ukraine along with other ongoing negotiations in Hungary, India and South East Asia will further fuel its strategic expansion into renewable energy projects across Europe and globally.

STC is one of the largest renewable energy developers in Ukraine. The company has strong positions in the renewable energies industry. STC develops, builds, operates and maintains renewable energies projects, both for itself and for third parties.

According to Mr. Vaidyanathan Nateshan, the Group CEO of De Raj, these plants in Ukraine are a significant step forward in the development of the company's strategy to build a Green Investments portfolio as a growth driver.

Ukraine actively supports renewable energy and the numbers of projects in the field of solar energy. In Ukraine these projects will continue to grow, because of the fixed rate of the "green" tariff which will help to receive a relatively fast return on investment with minimal risk.

About DE RAJ
De Raj Group provides oil and gas services and renewable energy solutions to companies in Asia and Europe. The company provides various solutions for the monetization of oil and gas fields to national oil companies, oil field owners, and other technology companies. For more information please visit the corporate website:https://www.thederajgroup.com

De Raj Group (ISIN: DE000A2GSWR1) had initial listing at the EU-regulated Vienna Stock Exchange (IPO held in February 2018). De Raj Group shares are traded on the Open Market in Frankfurt / Main and XETRA since 23 March 2018.

For further information please contact
De Raj Group AG, Investor Relations, mailto:[email protected]

 


26.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: De Raj Group AG
Robert-Perthel-Str. 79
50739 Cologne
Germany
Phone: +49 221 95 93 70 26
Fax: +49 221 95 93 70 27
E-mail: [email protected]
Internet: www.thederajgroup.com
ISIN: DE000A2GSWR1
WKN: A2GSWR
Indices: WBI Wiener Börse Index
Listed: Regulated Unofficial Market in Frankfurt; Vienna Stock Exchange (Official Market)
EQS News ID: 879245

 
End of News DGAP News Service

879245  26.09.2019 

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