Etrion receives initial US$6.6 million payment of the Mie Project Agreement
October 6, 2020, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, announces that it has received approximately JPY 700 million (about US$6.6 million) payment as part of the agreement reached last month with Ziva Energy (”Ziva”), the developer of the 60 MW Mie project. As per the agreement, Etrion expects to receive an additional JPY 3.4 billion (approximately US$32.5 million) for the acquisition of Etrion’s economic rights on this project plus JPY 300 million (approximately US$2.9 million) as a development fee,