bullish
Fluence Corp Ltd - Material project gets the green light
SUMMARY
- RaaS has published a flash comment on environmental services company Fluence Corporation (ASX:FLC) following its recent announcement it has received the notice to proceed from ONEP, The Ivory Coast National Drinking Water Organisation, in respect to the €48.4m addendum to its contract to construct the 150,000 m3/day Lagube D’Aghien Water Treatment Plant.
- This is a critical step in the progress of the previously delayed IVC project.
- The project delay was the main driver behind the recent company downgrade, so its progress is a material positive.
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