Zodiac Energy Secures Zambia Solar Project Worth US$3.28M
Zodiac Energy Limited received a Letter of Intent for a 6 MWp DC, 5 MW AC, 1 MWh BESS solar power project in Zambia. The order value is US$3.28 million (approx. ₹30.85 crore). Execution is expected within 9 months.
The order value is substantial for the company and represents a new international project, indicating growth potential. However, it is not a transformative deal that would immediately alter the company's financial standing.
The company has secured a significant international order, which is expected to strengthen its presence in the renewable energy sector and contribute to revenue.
Zodiac Energy Limited has received a Letter of Intent (LOI) from an international entity based in Zambia for a turnkey solar power project. The project involves the design, supply, installation, testing, and commissioning of a Ground Mounted Solar PV Power Plant with a capacity of 6 MWp DC, 5 MW AC, and 1 MWh BESS in Lusaka, Zambia.
The aggregate value of the order is US$3,288,000, which is approximately ₹30.85 crore. This contract is expected to enhance Zodiac Energy's footprint in the renewable energy sector and contribute to its revenues during the project execution period.
The project is to be executed within approximately 9 months, subject to the terms of the LOI. The company has confirmed that the promoter/promoter group and group companies do not have any interest in the entity awarding the order, and the contract does not fall within related party transactions.
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Zodiac Energy Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zodiac Energy Limited. Read the original for the full detail.