Matinee Energy Inc. has signed a pre-master agreement with K&Company Co. Ltd. (K&C) of Korea to construct a 40 MW solar energy plant in California for up to $200 million.
These projects are part of Matinee Energy's initial phase of solar projects, and K&C will participate in subsequent phases for expanded capacities of energy plants. K&C will join with a group of partners: LS Industrial Systems Co. Ltd. of Korea, CHINT Group Corp. of China and Ilyang Engineering & Construction Co. Ltd. of Korea.
The parties intend to sign a definitive agreement on Sept. 3 and implement terms of prior agreements. Technology solutions will be shared and localized for efficient integration among the constituents.Â
SOURCE: Matinee Energy Inc.