Premier Energies Limited has informed the Exchange regarding a press release dated September 29, 2025, titled "Premier Energies Secures Landmark Solar Electrification Orders in Benin".
PREMIERENE · price
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Premier Energies has won contracts worth USD 19.95 million to supply and install solar power systems in the Republic of Benin, West Africa. The work covers 750 rooftop solar systems at police stations, schools, health centres and border surveillance units, over 4,400 solar streetlights and 650 solar water heaters. The project is part of Benin's national clean energy push and will be carried out with the country's Ministry of Energy, Water and Mines. Funding is arranged through a Line of Credit from India's EXIM Bank and the ECOWAS Bank for Investment and Development. Premier Energies is one of India's largest vertically integrated solar cell and module manufacturers.
Positive for shareholders — this adds a meaningful new export order, diversifies revenue beyond the domestic market, and signals international competitiveness. Backed by EXIM Bank financing, execution risk on receivables is partly cushioned, though Africa-related project and currency risks remain.