Matinee Energy, Inc. and Zentric, Inc. announced the signing of an EPC agreement for construction by Zentric, Inc. of the solar power plants for 20MWdcp (U$72M) in Benson, Arizona, as part of the aggregated 120 MWdcp of plants using a part of the larger site (1200 acres). Supporting Zentric, Inc. is Zentric (HK) Limited’s strong global procurement resources that secured 20MW PV modules from a leading PV module manufacturer, as previously reported January 23, 2012. Zentric (HK) (HK) has established Zen Power Inc., a Nevada corporation, to manage the agreement.
Zentric’s global financing and procurement management are expected to increase the value of Zentric’s group of companies as they will benefit from the strong project financing and technology leadership of Matinee Energy. Mr. Chin Kim, CEO of Matinee Energy said that “operational efficiency of multi-domestic partnership management will help us improve our contribution to global partners.”
Mr. William Tien, President of Zentric, Inc. remarked, “We are very pleased to have this EPC contract awarded to Zentric (HK) and adding $72 million in revenue to Zentric over the next 12 months. We are very excited to work with Matinee Energy and hope that upon the successful completion of this initial phase we have an opportunity to be awarded the EPC contract for additional phases of this very significant solar project.”