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Bear in mind this conditional letter of award is awarded to CREES, JV between Citaglobal and Reneuco which led by Citaglobal. They spent nearly a year after the initial LOI and should have more than enough plans to execute this project. ECRL expected to begin operations by early 2027 so this power project can't keep delay.
Letter of Intent mean not confirm,
Letter of award mean confirm. Above announcement is conditional LOA mean contract with certain conditions.
Zhikang sim don't understand is okay because normally newbie always confuse.
They have positive Sir and their rcb still ongoing which can generate up to 321m. If banks willing to lend then they can survive. The only challenge is to uplift from PN17.
Vox. . Even big4 also can make mistakes like lately kpmg uk. So past bad records don't mean their job is 100percent unreliable. If made mistakes again u think they not worry aob or sc reprimand them or worse get their audit license suspend??
