Core Viewpoint - The company, KS ORKA Renewables Pte Ltd, has signed a joint venture letter of intent with Hungarian company BölényZrt to establish a joint venture aimed at advancing geothermal power projects in Hungary [1] Group 1: Joint Venture Details - The joint venture will focus on upgrading existing geothermal power stations in Hungary to increase their net power generation capacity to 6.5 MW [1] - The joint venture plans to develop, construct, and operate a geothermal power station with a total installed capacity of 104 MW, contingent on reservoir conditions [1] - Bölény is in the process of establishing a mixed fund with an official background focused on the energy sector, which will become a shareholder in the joint venture [1] Group 2: Financial Structure - The registered capital for the joint venture is set at 5 million Hungarian Forints, approximately 107,500 RMB [2] - KS ORKA will hold a 45% stake in the joint venture, while BEF (or Bölény) will also hold 45%, AAPRIL Kft will hold 4%, and other foreign individual shareholders will collectively hold 6% [2]
开山股份子公司KS ORKA与匈牙利合作伙伴签订合资意向书 拟共同推进地热发电项目