The businesses are not related. ZEN chairman is Doug Walker and ZEN provides off grid power utilising diesel, gas, solar or hybrid systems to remote mines. ZEN's BOO and MOM business models will generate ongoing sustainable revenue stream.
"Zenith Energy Limited (ZEN) is independent power producers, specializing in delivering reliable, cost-effective power generation solutions primarily in remote areas in Australia and south east Asia. Company designs, constructs and manages power generation facilities incorporating a range of fuel types, including diesel, natural gas, solar and hybrid systems. Zenith provides its services under both a Build, Own, operate (BOO) model, and under a Manage, Operate, Maintain (MOM) model. Company recognises that financial pressures generated by worldwide legislation designed to reduce emission levels will inevitably impact heavily on conventional power generation costs, and has addressed this issue via the use of ground-breaking hybrid technologies and the use of sustainable energy sources alongside its proven conventional technologies."
ZEN Price at posting:
79.0¢ Sentiment: Buy Disclosure: Held
