Development Advance Solution (KRX:058730) secured a 13.17 billion won contract to provide engineering, procurement, and construction (EPC) services for the second-phase fuel-cell power plant project in Myeongji-dong, Busan.
The contract value represents 4.22% of the company's total sales in 2024. Construction will start once initial loan arrangements have been concluded, with commissioning expected by late 2027.
The project will begin immediately after securing the necessary approvals, the filing said.
Shares of Development Advance Solution fell more than 1% in recent trade.
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