MINAEAN SP CONSTRUCTION CORP. PROVIDES AN UPDATE ON ITS SOLAR POWER INITIATIVES
Vancouver, BC, Canada – Tuesday, June 24, 2025 – Minaean SP Construction Corp. (TSX Venture Exchange: MSP; Berlin and Frankfurt Stock Exchanges: NJA) (the “Company”) is pleased to announce that the Company has been pursuing a Solar Powered Community Water Supply System Project (the “Project”) in the Republic of Uganda and has submitted an Expression of Interest to the Minister of Local Government for the construction of 2,000 units in the rural areas of Uganda, with a contract value of approximately US$ 70 million. The Company anticipates receiving a Letter of Intent for the construction of these units by the end of summer 2025. The Company is in negotiations with contractors in France and Germany for financing and execution of the Project through their Export Credit Agencies.
If awarded the contract, the Company would manage the execution of the Project at 10% of the contract value as “Contract Manager” in a joint venture with Uganda based Dhatu Group Ltd. of Uganda. The execution through a joint venture will enable the Company to minimise the operational risks and pursue business development of other potential versatile solar projects in Uganda.
The Company has already finalised the negotiations with sub-contractors in Uganda who have obtained the locations for installation of the solar power driven water pumping stations.
Along with the above, the Company has been reviewing other opportunities in the solar powered space, given the global movement towards sustainable investment and development and the growing importance of decarbonisation and climate solutions such as low carbon technologies.
About the Company
Minaean SP Construction Corp. is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The business strategy of the Company is being expanded to the pursuit of other industrial opportunities, including the development and execution of solar power projects.
The shares of Minaean SP Construction Corp. are publicly traded on the TSX Venture Exchange under the symbol “MSP” and on the Berlin and Frankfurt Stock Exchanges under the symbol “NJA”. For more information, please visit www.minaean.com.
On behalf of the Board of Directors
MINAEAN SP CONSTRUCTION CORP.
“Mervyn Pinto”
Mervyn Pinto
President, CEO & Director
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