03-22-2012 03:55 AM CET - Industry, Real Estate & Construction
Print PDF Email

Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA

Press release from: Zentric Inc
Matinee Energy, Inc. and Zentric, Inc. announced the signing of an EPC agreement for construction by Zentric, Inc.

Benson, AZ, March 21, 2012 -- Matinee Energy, Inc. and Zentric, Inc. (OTCBB: ZNTR) (OTCQB: ZNTR) 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 (finance.yahoo.com/news/Zentric-Inc-Hong-Kong-prnews-72044...). 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.”

About Zentric, Inc.
Zentric, Inc. is a technology company with a belief in making a contribution to saving the environment through the development of advanced patented battery technologies and in support of alternative energy and various other "green" initiatives. Zentric, Inc. has recently become actively involved in solar project development, including the above-mentioned project in Benson, Arizona. Zentric, Inc. will continue to seek opportunities to participate in renewable and alternative energy initiatives on a global basis.

For further information on Zentric, please go to: www.ZNTR.com

For further information on Zentric Solar, go to: www.zentricsolar.com

About Matinee Energy, Inc.
Matinee Energy has developed solar energy projects and businesses that are diverse and complementary to its core line of businesses. It implements and delivers infrastructure-based services and plans to deliver electricity based upon leading technologies and sustainable competitive advantages. Matinee Energy will continuously develop utility scale alternative energy solutions and intends to make a material contribution to the alternative energy sector. Matinee Energy also plans to partner with diverse sector participants from the U.S. and around the world.

For further information on Matinee Energy, please go to: www.matineesolar.com.

Contact:
William Tien
Zentric Inc
346 Kings Way
South Melbourne
Victoria 3205, Australia
+613 9646 6641
belloc@zbatt.com
www.zntr.com/

This release was published on openPR.
News-ID: 215085
del.icio.us:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction MisterWong:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction Digg:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction StumbleUpon:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction Technorati:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction Reddit:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction Furl:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction WebNews:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction OneView:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction LinkArena:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction YiGG:Zentric Inc. Signs the EPC Contract with Matinee Energy, Inc. for 20MWdcp, Solar Power Plant, in Benson, Arizona USA - Pressreleases - openPR - Industry, Real Estate & Construction
More releases More releases
Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR.
openPR disclaims liability for any content contained in this release.