(Alliance News) - Ecomembrane Spa announced Thursday that its subsidiary SBS Solar Srl has entered into a construction contract with Photovoltaicum Srl, a renewable energy investment vehicle, for the development of a PV plant valued at EUR4.8 million.

The contract value was revised upward from the EUR4.5 million initially reported last September.

Ecomembrane shares are currently flat at EUR4.86.

By Chiara Bruschi, Alliance News reporter

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