Zentric has announced that is has withdrawn from an EPC agreement with Matinee Energy. The agreement, dated January 7, 2012, was for the provision of EPC services for a 20MW solar power plant in Benson, Arizona.
William Tien, president of Zentric, commented: “A project of this size requires a certain financial commitment to be made by all parties involved in order for it to be completed on a timely basis and that was unable to be achieved in time to meet certain deadlines. We hope that in the very near future the parties will be in a position to re-evaluate their working arrangement.”
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